date:Jun 14, 2013
game changing deal for Empire, said Barry Schwartz, a portfolio manager with Baskin Financial, which owns more than 100,000 shares in Empire.
This is a huge win for (Empire's) shareholders, and we expect a significant uptick in the stock tomorrow he said.
Safeway's Canadian arm generated sales of C$6.7 billion and over C$500 million in adjusted earnings before interest, taxes, depreciation and amortization in the 12 months ended March 23.
The deal is expected to boost Empire's earnings immed