Sobeys to Acquire Safeway Canada (SWY) for C$5.8B
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Short Covering Expected in Safeway (SWY)
June 13, 2013 9:52 AM EDTOn Wednesday it was learned that Safeway (NYSE: SWY) sold Safeway Canada for C$5.8 billion or 10.7x EBITDA. In the view of analyst Shane Higgins of Deutsche Bank, the transaction is positive for Safeway and could trigger short covering.
"We believe... More
Citi Downgrades SAFEWAY (SWY) to Neutral
June 13, 2013 7:09 AM EDTCiti downgraded SAFEWAY (NYSE: SWY) from Buy to Neutral.
For an analyst ratings summary and ratings history on SAFEWAY click here. For more ratings news on SAFEWAY click here.
Shares of SAFEWAY closed at $23.11 yesterday, with a 52 week range of $14.73-$28.42.... More
Large Safeway (SWY) Deal Lifts Grocery Segment (SWY( (KR)
June 12, 2013 4:47 PM EDTSafeway (NYSE: SWY) shares are ripping in late trading Wednesday following news that it is planning a major asset divestiture.
According to a... More
