Safeway executives sell stock after rumors of buyout offer

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.”

View full article