1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6833) 

Mario Gabelli Comments on Safeway Inc.

April 30, 2014 | About:
Safeway Inc. (SWY)(1.0%) (SWY - $36.94 - NYSE), based in California, is the third largest food and drug retailer in North America, with over 1,300 stores. On March 6, 2014, the company entered into a $9 billion merger with Albertsons grocery chain, which is controlled by Cerberus Capital Management, L.P. The offer consists of $32.50 in cash, the distribution of 37.8 million shares of Blackhawk Network Holdings, and a contingent value right (tied to real estate and Safeway's interest in a Mexican food retailer) estimated at $3.65 per share. The offer included a "go-shop" period, which expired on March 27, 2014. The merger is expected to close by the end of 2014, pending regulatory approval and the shareholder vote.

From Mario Gabelli (Trades, Portfolio)'s first quarter 2014 ABC Fund commentary.


Rating: 0.0/5 (0 votes)

Comments

nick509610
Nick509610 - 2 years ago    Report SPAM

$SWY check it out historical price reaction following Earnings:

http://stocksearning.com/stock_detail.aspx?Sys=SWY&ComName=

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


HOLKLSUSmall Cap IT Financial and Ind
alexbernal0$$primo$$
efredbacCyber Security
alexbernal0cheapPL
dguibertMini caps
valueinvestmentBank
valueinvestmentInsurance
chentao1006non-fin
bkw82quality growing and cheap
TFC10% sharehold Yield
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK