Safeway Inc. purchased by Albertson's investment company - kotanow.com- Scottsbluff Area News, Sports, and Weather

Safeway Inc. purchased by Albertson's investment company

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A $9-billion dollar deal has been made in a merger of two major grocery retailers.
 
Safeway Incorporated has been acquired by the investment company that owns Albertsons.

A prepared statement on Safeway's website says the combined company will create a diversified network of over 24-hundred stores.

The statement says no store closures are expected as a result of the transaction.

Safeway shareholders expected to receive total value estimated at $40 dollars per share.
 
The deal is expected to close in the fourth quarter.

 

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