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Marin schools face funding loss as Safeway exits eScrip program

2015-08-23 20:39:32| Grocery - Topix.net

School districts across Marin will feel the pinch of Safeway pulling out of the eScrip program, which funneled millions of dollars into schools. The Pleasanton-based grocery giant “concluded the model wasn't the best fit for our company going forward,” spokesman Keith Turner said in a statement.

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Safeway pulls out of popular program supporting schools, nonprofits

2015-08-05 00:23:29| Grocery - Topix.net

The move represents the loss of a significant source of fundraising for schools and other nonprofits. Just last February, eScrip and Safeway issued a press release touting the $18 million annually that the grocer contributed to schools through San Mateo-based eScrip.

The Wall Street Journal: Safeway to pay hedge funds $44.50 a share to settle buyout suits

2015-06-02 20:13:20| Grocery - Topix.net

Safeway Inc. will pay a group of investment funds about 27% more than other shareholders received when the grocery chain was sold to private-equity-backed Albertsons earlier this year for $7.6 billion, a big win for hedge funds that challenge deals in court. Albertsons will pay three funds, which owned about 6% of Safeway stock, $44.50 a share in cash, or about $134 million more, as part of a court settlement in a buyout-related lawsuit, according to people familiar with the matter.

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Safeway closing 9 stores in metro Denver

2015-05-10 00:22:53| Grocery - Topix.net

Safeway is closing nine locations across metro Denver, citing non-profitability as the main reason for the decision, according to a letter obtained by the DBJ. Kristine J. Staaf , director of public affairs/government relations for Pleasanton, California-based Safeway , confirmed the closures, saying the company has spent more than a year evaluating ways to help the stores improve their performance.

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