- Reuters: Safeway a target for possible buyout
- Safeway confirms grocer is exploring possible sale
- Albertsons to acquire Safeway in deal worth more than $9.1 billion to Safeway shareholders
- Credit Suisse: Safeway may be exploring strategic alternatives
- Green Equity Investors exchanges nearly 1.9 million shares of Rite Aid preferred stock for common stock
PLEASANTON, Calif. — Safeway on Friday announced that its board of directors increased the authorized level of the company's stock repurchase program by $2 billion. Through the end of the third quarter of 2013, Safeway had approximately $0.8 billion remaining under its previously authorized stock repurchase program.
Safeway's stock repurchase authorization does not have an expiration date, and the timing of repurchases will depend on market conditions.
Stock repurchases may be effected from time to time through open market purchases or pursuant to a Rule 10b5-1 plan. The stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.