PLEASANTON, Calif. — Safeway on Tuesday announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network Holdings held by Safeway.
Safeway stockholders will receive 0.164291 of a share of Blackhawk Class B common stock for every share of Safeway common stock held as of the close of business on April 3, 2014.
The distribution will be made on April 14, 2014 in the form of a pro rata distribution of all of the 37.8 million shares of Class B common stock of Blackhawk owned by Safeway to all Safeway stockholders of record on the record date. No fractional shares of Blackhawk Class B common stock will be distributed. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk Class B common stock that they otherwise would have received.