date:Jun 14, 2013
cies, along with some liquor stores, fuel stations and distribution centers as part of the deal.
Empire also said it has identified roughly C$1 billon in non-core assets sales that could that potentially be used to help pay back bridge facilities and other debt.
Substantial Premiun
Safeway Chief Executive Robert Edwards said on a conference call that the company gained a substantial premium to the market multiples of U.S. retailers. The deal was unsolicited and Safeway did not conduct an auct