Safeway (SWY) to Sell 16 Genuardi Stores in Greater Philadelphia Area

Safeway Inc. (NYSE: SWY) has reached a definitive agreement to sell 16 of its Genuardi's stores in the greater Philadelphia area to Giant Food Stores, LLC, a division of Ahold USA. Safeway will continue to operate these stores until the transaction closes, and the company is working through an orderly transition for all of these stores.

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