Moody's Places Safeway's (SWY) Ratings on Review for Potential Downgrade
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Northcoast Research Downgrades Safeway (SWY) to Neutral
March 7, 2014 11:16 AM ESTNorthcoast Research 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 $39.47 yesterday, with a 52 week range of $17.99-$36.90.... More
Cerberus to Acquire Safeway (SWY) for $40/Share
March 6, 2014 4:55 PM ESTSafeway (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC ("AB Acquisition") will acquire all outstanding shares of Safeway (the "Merger"). The merger agreement was unanimously approved by the Board of Directors of Safeway.
AB Acquisition is the owner of Albertson's LLC and New Albertson's, Inc. (collectively "Albertsons") and is controlled by a Cerberus Capital Management, L.P. ("Cerberus")-led investor group, which also includes Kimco Realty Corporation (NYSE: KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores... More
