date:Feb 20, 2014
rs to review strategic alternatives.
Safeway shares trade at about 19.9 times forward earnings, while the larger grocery sector trades at a multiple of 15.2. The stock was up 4.3 percent at $36.10 in after-hours trading.
On a conference call, Safeway's Chief Executive Officer, Robert Edwards, declined to give more details on a potential buyout and said he will update investors and analysts on the progress of the related talks at the appropriate time.
Safeway was in the hands of private equity