Safeway (SWY) Ramps On Blackhawk IPO Plans

September 5, 2012 9:13 AM EDT Send to a Friend
Shares of Safeway Inc. (NYSE: SWY) are on the rise after the company announced that it plans to file a registration statement in the United States for a potential initial public offering (IPO) of a minority ownership stake in Blackhawk Network Holdings, Inc.

Depending on market conditions, the company anticipates executing a transaction in the first half of 2013.

Shares last traded at $17, up 7.5 percent.


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