date:Feb 20, 2014
before. KKR Co LP (KKR.N) took Safeway private in 1986, and then sold its stake in 1999 to make more than $7 billion on its original investment.
PRESSURE TO REVIEW ALTERNATIVES
Safeway has been trying to streamline its business by selling off non-core units. It spun off its gift card provider, Blackhawk Network Holdings Inc (HAWK.O), into a separate publicly traded company, selling a 19 percent stake.
It also sold off its Canadian operations to Empire Co Ltd (EMPa.TO), the operator of Canad