Safeway Inc. Announces Receipt of Second Request From Federal Trade Commission
April 10 2014 - 4:03PM
Marketwired
Safeway Inc. Announces Receipt of Second Request From Federal Trade
Commission
PLEASANTON, CA--(Marketwired - Apr 10, 2014) - Safeway
Inc. (NYSE: SWY), ("Safeway"), today announced the receipt of a
request for additional information and documents (the "second
request") from the Federal Trade Commission ("FTC") in connection
with the FTC's review of the previously announced Agreement and
Plan of Merger (the "Merger Agreement"), dated as of March 6, 2014,
among Safeway and AB Acquisition LLC, Albertson's Holdings LLC,
Albertson's LLC, and Saturn Acquisition Merger Sub, Inc.
(collectively, "Albertsons"). The second request extends the
waiting period imposed by the Hart−Scott−Rodino Antitrust
Improvements Act of 1976 until 30 days after Safeway and Albertsons
have substantially complied with the second request unless that
period is extended voluntarily by the parties or terminated sooner
by the FTC. Safeway and Albertsons have been working, and will
continue to work, cooperatively with the FTC.
About Safeway Inc.
Safeway Inc., which operates Safeway, Vons, Pavilions, Randalls,
Tom Thumb, and Carrs stores, is a Fortune 100 company and one of
the largest food and drug retailers in the United States with sales
of $36.1 billion in 2013. The company operates 1,335 stores in 20
states and the District of Columbia, 13 distribution centers and 20
manufacturing plants, and employs approximately 138,000 employees.
The company's common stock is traded on the New York Stock Exchange
under the symbol SWY. For more information, please visit
www.Safeway.com.
Additional Information and Where to Find It
This document may be deemed to be solicitation material in
respect of the proposed acquisition of Safeway by AB Acquisition
LLC. In connection with the proposed merger transaction, Safeway
will file with the SEC and furnish to Safeway's shareholders a
proxy statement and other relevant documents. Shareholders are
urged to read the proxy statement and other relevant materials when
they become available because they will contain important
information about the proposed acquisition. Investors will be able
to obtain a free copy of documents filed with the SEC at the SEC's
website at http://www.sec.gov. In addition, investors may obtain a
free copy of Safeway's filings with the SEC from Safeway's website
at http://www.Safeway.com or by directing a request to: Safeway
Inc., 5918 Stoneridge Mall Road, Pleasanton, California 94588,
Attention: Investor Relations.
Participants in the Solicitation
Safeway and its directors, executive officers and certain other
members of management and employees of Safeway may be deemed
"participants" in the solicitation of proxies from shareholders of
Safeway in favor of the proposed merger. Information regarding the
persons who may, under the rules of the SEC, be considered
participants in the solicitation of the shareholders of Safeway in
connection with the proposed acquisition will be set forth in the
proxy statement and the other relevant documents to be filed with
the SEC. You can find information about Safeway's executive
officers and directors in its Annual Report on Form 10-K for the
fiscal year ended December 28, 2013 and in its definitive proxy
statement filed with the SEC on Schedule 14A on April 1, 2013.
Forward-Looking Statements
This press release contains certain forward-looking statements
which are indicated by words such as "expects," "will," "plans,"
"intends," "committed to," "estimates" and "is." No assurance can
be given that any of the events anticipated by the forward-looking
statements will transpire or occur. Accordingly, actual results may
differ materially and adversely from those expressed in any
forward-looking statements. Neither Safeway nor any other person
can assume responsibility for the accuracy and completeness of
forward-looking statements. There are various important factors
that could cause actual results to differ materially from those in
any such forward-looking statements, many of which are beyond
Safeway's control. These factors include: failure to obtain
shareholder approval of the proposed merger; failure to obtain,
delays in obtaining or adverse conditions contained in any required
regulatory or other approvals; failure to consummate or delay in
consummating the transaction for other reasons; changes in laws or
regulations; and changes in general economic conditions. Safeway
undertakes no obligation (and expressly disclaims any such
obligation) to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. For additional information please refer to Safeway's
most recent Form 10-K, 10-Q and 8-K reports filed with the SEC.
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