and expansion plans with unmatched service from expert local labor and management. Combining these strong management teams will strengthen the ability of Safeway and Albertsons to deliver on a shared commitment to offering customers higher quality products at lower prices, which will undoubtedly yield positive results for all stakeholders in the business.". Safeway will soon be initiating a process to sell PDC. DELTA NEWS ON THE GO. The monetization of its 49% equity interest in Mexico-based food and. No store closures are expected as a result of this transaction. Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? A replay of the call will be archived at www.Safeway.com. Mr. Wille has served as a member of our Board since 2020. To access the website replay, go to the "Investors" link and click on "Presentations and Webcasts." Robert Edwards This press release contains certain forward-looking statements about the future performance of Safeway, including about the combined Safeway/Albertsons business (the "Combined Entity"). Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. The combined value for Safeway shareholders who receive both a distribution of Blackhawk shares and the aggregate cash and contingent consideration in the Merger, based on Safeway's current estimates of the value of the contingent consideration, would represent a premium of 72 percent over Safeway's closing share price of $23.27 on March 6, 2013, one year ago; 56 percent over Safeway's closing price of $25.62 on September 6, 2013, six months ago; and 17 percent over Safeway's closing share price of $34.10 on February 18, 2014, the day before Safeway announced it was in discussions regarding a potential sale of the company. Safeway is part of the Grocery Retail industry, and located in California, United States. Cerberus has more than US $25 billion under management invested in four primary strategies: distressed securities & assets; control and non-control private equity; commercial mid-market lending and real estate-related investments. They are part of Information Technology Department and Definitive Proxy Statement Four powerful questions that require reflection about what really matters - results. Citigroup, lead financial advisor, Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Albertsons, Cerberus and the investor group. There can be no assurance that this process will result in a superior proposal. Greenhill & Co. has also served as financial advisor to Safeway. Safeway is part of the Grocery Retail industry, and located in California, United States. WebOur Board of Directors Ann M. Sardini Chair of the Board (Term Expires 2023) Mark R. Hunter (Term Expires 2025) Linda K. Massman (Term Expires 2025) Steven Oakland (Term Expires 2024) Scott D. Ostfeld (Term Expires 2023) Jill A. Rahman (Term Expires 2024) Joseph E. Scalzo (Term Expires 2024) Jean E. Spence (Term Expires 2023) Do Not Sell My Personal Data/Privacy Policy. Safeway Gary Steadman's Phone Number and Email Last Update. Herringer is the chairman and former chief executive officer of Transamerica Corp., a financial services company. Managing Director - $601,766 See Other Titles. PLEASANTON, Calif. and BOISE, Idaho, March 6, 2014 /PRNewswire/ -- Safeway Inc. (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC ("AB Acquisition") will acquire all outstanding shares of Safeway (the "Merger"). Prior to Core Scientific, Mr. Turner was a CEO of Citadel Securities and Vice Chairman of Citadel LLC, both global financial institutions. Im looking forward to helping drive the next phase of the companys growth., With a commitment to safety as its foremost value, BrandSafway provides the broadest range of solutions with the greatest depth of expertise to the industrial, commercial and infrastructure markets. By closing this message or continuing to use our site, you agree to the use of cookies.
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