PLEASANTON, Calif. - Safeway here said Friday that its board of directors increased the limit of the company's stock-repurchase program by $500 million, to a total of $4 billion. The company said it has already repurchased $3.25 billion of its own stock since the program began. The timing and volume of future repurchases will depend on market conditions, Safeway said.
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.