Kirby McInerney LLP is investigating potential claims against the Board
of Directors of Safeway Inc. ("Safeway" or the "Company") (NYSE:SWY)
concerning the proposed acquisition of the Company by the private equity
firm, Cerberus Capital Management, L.P. ("Cerberus"). Under the terms of
the definitive merger agreement, Safeway stockholders are expected to
receive a total value estimated at $40.00 per share, including $32.50 in
cash per share of Safeway stock owned, 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 a distribution of Blackhawk
Network Holdings, Inc. common stock, valuing the transaction at
approximately $.4 billion.
The investigation concerns whether the Safeway Board of Directors
violated its fiduciary duties by agreeing to the proposed transaction
and whether the proposed consideration adequately values Safeway's
If you are a Safeway stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email at email@example.com,
by telephone at (212) 699-1145 or (888) 529-4787, or by filling
out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in
securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to www.kmllp.com.
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