Safeway Inc. Buyback
OLI recorded this information on 10/18/2013
Safeway Inc. (NYSE: SWY) announced that its Board of Directors increased the authorized level of the company's stock repurchase program by $2.0 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 is a food and drug retailer in the U.S., with 1,335 stores at Dec 28 2013. Co.'s U.S. retail operations are located principally in California, Hawaii, Oregon, Washington, Alaska, Colorado, Arizona, Texas and the Mid-Atlantic region. In support of its U.S. retail operations, Co. has a network of distribution, manufacturing and food-processing facilities. Co. owns and operates GroceryWorks.com Operating Company, LLC, an online grocery channel doing business under the names Safeway.com and Vons.com. Co. also has a 49.0% ownership interest in Casa Ley, S.A. de C.V., which operates food and general merchandise stores in Western Mexico.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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