Safeway Inc (SWY.N)
31 Jul 2014
|Market Cap (Mil.):||$8,020.22|
|Shares Outstanding (Mil.):||230.40|
BOSTON, July 25 - Hedge fund manager David Einhorn, whose picks are closely watched on Wall Street, said he is betting against supermarket chain Safeway Inc but still likes his biggest holdings, including Apple Inc.
July 22 - Grocery store operator Safeway Inc on Tuesday said it received a subpoena from the U.S. Drug Enforcement Administration regarding record keeping, reporting and related practices associated with loss or theft of controlled substances.
June 26 - Grocery chain Sobeys Inc plans to close its underperforming stores and lay off employees after its C$5.8 billion acquisition of rival Safeway Inc's Canadian arm, the Global and Mail reported on Wednesday.
NEW YORK, May 23 - After several weeks of softness due to increased supply and fund outflows, the U.S. leveraged loan market slowed to a pre-Memorial Day crawl as issuers continued to show a strong preference for high-yield bonds.
April 23 - Safeway Inc on Wednesday said it plans to boost results by passing higher costs for meat, produce and other staples on to shoppers at its U.S. grocery stores, sending shares up 1.4 percent.
LONDON, March 11 - Euan Sutherland, the man tasked with rescuing Britain's 170-year old Co-operative Group , quit on Tuesday and warned it was impossible to reform the mutually owned company unless its directors adopted a more commercial approach.
(The following statement was released by the rating agency) CHICAGO, March 07 (Fitch) Fitch Ratings expects to downgrade Safeway Inc. to the 'B' category assuming the acquisition of the company by AB Acquisition LLC, as announced yesterday, is completed as proposed. AB Acquisition is the Cerberus-controlled entity that owns the Albertson's supermarket banners, among others. Post the transaction, leverage is expected to be in the 6x range versus 3.6x at year-end 2013. Fitch's current Issuer
March 7 - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
NEW YORK, March 7 (IFR) - Investors have been put on high alert regarding the need for covenant protection in investment-grade corporate bonds, after being rattled by this week's US$9.4bn LBO of Safeway and last month's scare when Time Warner Cable was saved at the eleventh hour from a hostile bid.
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