|[March 06, 2014]
SAFEWAY INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
Do you own shares of Safeway Inc. (NYSE: SWY)?
Did you purchase any of your shares prior to March 6, 2014?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Safeway Inc. ("Safeway" or the
"Company") (NYSE: SWY)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's entry into an agreement to be acquired by
Albertsons ("Albertsons") in a transaction valued at approximately $9
Click here to learn more: http://www.rigrodskylong.com/investigations/safeway-inc-swy.
Under the terms of the agreement, public shareholders of Safeway will
receive value estimated at $40.00 per share for each share of Safeway
they own. This includes $32.50 in cash, the right to receive pro-rata
distributions of net proceeds from primarily non-core assets with an
estimated value of $3.65 per share, and shares of Blackhawk Network
Holdings, Inc. (NASDAQ GS: HAWK).
The investigation concerns whether Safeway's board of directors failed
to adequately shop the Company and obtain the best possible value for
Safeway's shareholders before entering into an agreement with
Albertsons. According to Yahoo! Finance, at least one analyst has issued
a price target for Safeway stock at $46.00 per share.
If you own the common stock of Safeway and purchased your shares before
March 6, 2014, if you have information or would like to learn more about
these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803; by telephone at (888) 969-4242; by e-mail to email@example.com,
or at: http://www.rigrodskylong.com/investigations/safeway-inc-swy.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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