- Reuters: Safeway a target for possible buyout
- Safeway 1-of-15 employers receiving the 2013 Secretary of Defense Employer Support Freedom Award
- Safeway declares quarterly cash dividend of $0.20 per share
- Green Equity Investors exchanges nearly 1.9 million shares of Rite Aid preferred stock for common stock
- In wake of Sobeys' deal, Safeway reports 1.2% quarterly increase in same-store sales
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.