Safeway executives sell stock after rumors of buyout offer

in 2013, Newsmakers, Samina Karim, School of Management
October 29th, 2013

KarimSaminaInside Bay Area Group
Samina Karim, School of Management

Safeway executives are cashing in stock after speculation about a buyout offer from a New York equity firm, a rumor that has driven shares to record highs over the past week…

Expert quote:

“It signals a lack of confidence in Safeway. Maybe Safeway will try to fight this.”

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