date:Oct 15, 2013
ing more capital to shareholders. Jana Partners also urged Safeway to consider shedding its remaining stake in the gift-card business the supermarket chain spun off earlier this year.
On Thursday said the planned exit from the Chicago market is expected to produce a tax benefit of $400 million to $450 million that would partly offset tax expenses related to its pending sale of its Canadian business. The company also said some proceeds would be used for stock buybacks and to invest in growth opp