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
- Is Nestle's work on sugar a game-changer?
- New activist investor may put Pinnacle in play
- Nestle Q1 commentary - top takeaways
- Interview: Vegan supplier Food For Progress
- Has organic become mainstream in the US?
News
- NPD Tracker - Sainsbury's, Unilever, Pinnacle
- South Africa's listeria death toll reaches 193
- Kraft Heinz incubator backs Momofuku sauces plan
- 'UK plans more stringent crackdown on obesity'
- Troubles mount at BRF as CEO resigns
Market research
