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.
But only paid just-food members have full, unlimited access to all our exclusive content - including 21 years of archives.
Try just-food for 30 days and get the research report; ‘Is sugar the next tobacco’ for free!
Dean Best, editor of just-food
Do you get our newsletters? If yes, log in to your account to access your FREE READS. Don't know your password? That's cool - you can reset it here.
Most Popular
Insights
- Big Food's VC-style funds: the investments so far
- General Mills on backing SMEs and Covid
- The "planet-based diet" and meeting GHG goals
- Buoyant India cheese market offers home comforts
- Pure Harvest's Middle East ambitions – interview
News
- Ireland's Valeo Foods gets new owner
- Danone said to have chosen new CEO
- UK government in 'junk-food' advertising move
- US snacks firm Utz Brands buys local peer
- Pladis reviews future of UK plant
Market research
- Meal Kits (Prepared Meals) Market in South Korea - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)
- Sri Lanka In-depth PEST Insights
- United States of Amercia In-depth PESTLE Insights
- United Arab Emirates In-depth PESTLE Insights
- Ready Meals (Prepared Meals) Market in Australia - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..
