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SAFEWAY TO BE SOLD? – 07/28/14 05:25 S.S.

SAFEWAY SHAREHOLDERS HAVE APPROVED THE SALE OF SAFEWAY STORES TO ALBERTSONS. THAT WOULD CREATE A NETWORK OF ABOUT 2 THOUSAND STORES AROUND THE U.S…..AND THAT’S JUST SLIGHTLY SMALLER THAN THE KROGER’S GROCERY STORE CHAIN. THE DEAL STILL NEEDS TO BE APPROVED BY THE FEDERAL TRADE COMMISSION. IF ANY STORES CLOSE AS THE RESULT OF THIS SALE, THEY ARE LIKELY TO BE IN SOUTHERN CALIFORNIA.

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