Safeway (SWY) Ramps On Blackhawk IPO Plans
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Price: $24.36 -3.14%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.3%
EPS Growth %: +16.7%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.3%
EPS Growth %: +16.7%
Trade SWY Now!
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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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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