NEW YORK -- Kohlberg Kravis Roberts & Co. here, which owns a 61% stake in Safeway, Oakland, said it will reduce its holdings to 53.4% This will be achieved through a secondary offering of Safeway stock by two KKR affiliates later this year. Safeway filed a registration statement last week with the Securities and Exchange Commission for the proposed offering. Once the SEC approves the sale, a price and date for the offering will be set. Observers said the move probably signals the ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.