Safeway Inc. (NYSE:SWY) and Genuardi's Family Markets, Inc. jointly announced today that they have signed a definitive agreement pursuant to which Safeway will acquire Genuardi's in a cash transaction. The acquisition will be accounted for as a purchase and is expected to be funded with proceeds from the sale of commercial paper. Safeway expects the transaction to be accretive in 2001.
USA: Safeway Announces Acquisition of Genuardi's
Get full access to all content, just $1 for 30 days
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 18 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
Dean's offer to you
Risk-free, money-back guarantee
Most Popular
Insights
- Guide: Big Meat eyeing alternatives
- Column: Europe's hunger for local food
- Grocer buying pacts and their impact on suppliers
- Analysis: The rise of 'stealth small brands'
- Big Food's VC-style funds: the investments so far
News
- New Products - Coca-Cola, Oatly, Unilever, Nomad
- Nestle nutrition looks healthy as frozen struggles
- UK meat group Hilton invests in Dutch veggie firm
- Danone reveals impact of Moroccan boycott
- Campbell descendants confirm backing for board
Market research
- Generation Z: The Next Wave of Consumers
- Ingredient Insights: Salt Reduction - Opportunities to capitalize on demand for reduced salt (sodium) formulations using on-trend and emerging ingredients
- Constellation Brands Inc (STZ) - Financial and Strategic SWOT Analysis Review
- Country Profile: Dairy & Soy Food in the US
- New Concepts in Consumer Foodservice: Technology and the Future of Dining
