date:Feb 20, 2014
ian retailer Sobeys, for $5.8 billion in cash.
Last fall, Safeway also revealed plans to leave the Chicago market by early this year. That announcement came after activist investor Jana Partners pressured the company to review strategic alternatives, including exiting weak markets.
Safeway said on Wednesday it has decided to distribute the remaining 37.8 million shares it owns of Blackhawk Network to Safeway shareholders. It also said it is an appropriate time to explore alternatives for its 4