Safeway is in play, and the market is trying to figure out what the likely outcome will be. The Pleasanton, Calif.-based operator said last week it is in discussions concerning a possible transaction involving the sale of the company, though it declined further comment. Karen Short, senior analyst with Deutsche Bank, New York, told SN she doubts Safeway would have made the announcement “unless talks were fairly far along and there was a high level of conviction” that an agreement ...

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