Safeway Inc (SWY.N)
|Market Cap (Mil.):||$8,019.05|
|Shares Outstanding (Mil.):||230.30|
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.
* Indexes up: Dow 0.35 pct, S&P 0.16 pct, Nasdaq 0.19 pct
NEW YORK, March 7 - U.S. stocks were set for a higher open on Friday after more jobs than expected were created in February, with traders keeping an eye on lingering tensions in Ukraine.
NEW YORK, March 7 - U.S. stock index futures edged higher on Friday, with the S&P 500 set to close a fourth week of gains in five, ahead of key jobs market data and amid lingering tensions in Ukraine.