SAFEWAY, Pleasanton, Calif., said Kohlberg Kravis Roberts & Co., the New York-based investor that engineered a leveraged buyout of Safeway in 1987, will continue to reduce its holdings in the retailer with an offering for the sale of 22.1 million shares of stock by two KKR affiliates, plus an additional 2.9 million shares that will be sold upon the exercise of warrants held by the two affiliates. The proposed offering would reduce KKR's holdings to approximately 55.1 million shares, or ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.