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Friday, March 7, 2014

Deals of the day- Mergers and acquisitions, (NYSE: SWY)

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:** Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.

Safeway Inc. (Safeway) is a food and drug retailer in North America. Shares of SWY fell by 1.95% or $-0.77/share to $38.70. In the past year, the shares have traded as low as $22.26 and as high as $40.25. On average, 4646180 shares of SWY exchange hands on a given day and today's volume is recorded at 36224400.



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