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 (5128) 

Mario Gabelli Comments on Safeway Inc.

April 30, 2014 | About:
Safeway Inc. (NYSE: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 - 1 year ago

$SWY check it out historical price reaction following Earnings:

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

Please leave your comment:


GuruFocus Mobile App Available


Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
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