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Safeway's Shareholders Give Consent To Proposed Merger With Albertsons

July 25, 2014: 12:00 AM EST
Safeway Inc.’s shareholders approved private-equity firm Cerberus Capital Management LP’s acquisition of the company and a planned merger with retailer Albertsons. Cerberus Capital Management agreed to buy Safeway in March 2014. Shareholders also elected the company’s nine directors and refused a proposed labeling of products with genetically engineered ingredients.
Maria Armental, "Safeway Shareholders Approve Albertsons Merger", The Wall Street Journal, July 25, 2014, © Dow Jones & Company, Inc.
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