June 09, 2014
Pension funds suing Safeway Inc. in a putative class action over the grocery chain's $9 billion sale to private equity-backed Albertsons LLC asked a California federal judge on Friday to stop a shareholder vote on the deal, arguing Safeway's proxy statement left out key information.
May 06, 2014
Safeway Inc. on Monday asked a California federal judge to dismiss a proposed shareholder class action alleging the company's $9 billion merger with private equity-backed Albertsons LLC was deeply flawed, arguing that the venue violates the company's bylaws.
April 11, 2014
A Safeway Inc. investor slammed the grocery giant with a proposed class action in a California federal court Thursday, seeking to block its $9 billion merger with private equity-backed Albertsons because the "flawed" deal-making process allegedly warded off potentially higher bids.