Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (3657)	3/9/2014 7:35:12 PM
From: Glenn Petersen	Read Replies (1) of 7120

Safeway had announced that they were in talks about a possible sale in mid-February, when the stock was trading in the mid-30's. Rumors of a possible sale had actually been circulating for months. They exited the Chicago market in December (literally closing their 72 stores) in December and put about 6,000 people out of work. They had about a ten to twelve percent market share. Some of the locations will be reopened by other grocery chains,

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