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Safeway Sales Rise as Albertsons Merger Nears

2014-10-15 16:25:07| Grocery - Topix.net

Safeway Inc., which is on the verge of completing its merger with rival Albertsons, said its revenue for the most recent period increased slightly, as the supermarket operator expressed belief in a modest rebound in consumer confidence. Safeway is expected to complete its $9.4 billion merger with Cerberus Capital Management LP's Albertsons during the current quarter, pending approval by the Federal Trade Commission.

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