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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Safeway Inc. | NYSE:SWY | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.10 | 0 | 01:00:00 |
From May 2019 to May 2024
By Maria Armental
Safeway Inc. and the owner of rival supermarket operator Albertons have agreed to sell 168 stores in a bid to gain merger approval from antitrust regulators.
The companies, which collectively own about 2,400 stores, said they expect the buyers to hire "most, if not all" of the workers.
AB Acquisition LLC agreed in March to buy Safeway for $9.4 billion, a deal that would significantly boost its size, setting it up as a powerful rival to Kroger Co., the largest grocery chain in the U.S.
Company officials have said they expect the deal, subject to approval from the Federal Trade Commission, would close next month.
Safeway's shares, slightly up in recent after-hours trading, closed Friday at $34.77, up 19% for the year.
Annie Gasparro contributed to this article.
Write to Maria Armental at maria.armental@wsj.com
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