Canada Safeway News

By Phil Melnychuk - Maple Ridge News Published: June 18, 2013 3:00 PM Updated: June 18, 2013 3:33 PM Your local Safeway store could be changing, or it could just stay the same and keep operating with a new owner - Sobey's of Nova Scotia, The purchase could be a sign that Safeway is leaving an increasingly tough market as the super chains such as ... (more)

SWY has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a buy rating on shares of Safeway in a research note to investors on Monday, June 10th.

The Toronto stock market racked up another triple-digit loss Wednesday, adding to a sharp drop the previous session amid worries that central banks may withdraw efforts to help the global economic recovery.

The surprise deal this week selling Canada Safeway to Sobeys for $5.8 billion is the first step in shaking up the grocery landscape in Western Canada.

To see what our analysts have discovered about these stocks read the InvestorsObserver's PriceWatch Alerts at http://www.investorsobserver.com/pr/61320130 Today's PriceWatch Alerts cover the following stocks: Anheuser-Busch InBev , GlaxoSmithKline , Capital One , Safeway , and Onyx Pharmaceuticals .

Empire Co. announced it was purchasing Safeway Inc.'s Canadian assets for $5.7 billion, following which shares of the company surged 7.4% Gannett Co., Inc. revealed its intentions of buying Belo Corp for $1.5 billion.

With Canada Safeway about to be gobbled up, could Jim Pattison's Overwaitea Food Group be the next food industry acquisition target on the menu? That's what some analysts are suggesting in the wake of the blockbuster $5.8-billion deal for Safeway's 213 Canadian stores, unveiled Wednesday by Sobeys Inc. , the industry's No.

Coty Inc's $1.0 billion initial public offering on the New York Stock Exchange this week lifted global IPO volume to $53.9 billion for year-to-date 2013, a 2% increase compared to the same time last year.

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Inside the Market's roundup of some of today's key analyst actions. This post will be updated with more analyst commentary during the trading day.

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Midway through trading Thursday, the Dow traded up 0.33 percent to 15,044.65 while the NASDAQ gained 0.35 percent to 3,412.30.

JP Morgan Cazenove's price target would indicate a potential upside of 12.81% from the stock's previous close.

Safeway Inc. bull gapped this morning on news that it had sold its Canadian operations .

The head of Sobeys Inc. says the grocery chain's $5.8-billion purchase of western Canadian rival Canada Safeway offers good news for consumers, workers and shareholders.

Stocks firmed up moderate gains near midday Thursday, as losses narrowed in Europe and most of the big, early gains by U.S. issues stood their ground.

Shares of Empire Co. and Safeway Inc. were up sharply in early trading following news that Empire's Sobeys grocery chain will buy more than 200 Safeway stores in western Canada for $5.8 billion cash.

Safeway Inc, DRDGOLD, Men's Wearhouse, Research In Motion, Vanda Pharmaceuticals, J.C. Penney, QUALCOMM Inc and Siemens AG are among the companies whose shares are moving in pre-market trading on Thursday.

Safeway Inc. is planning to hold a conference call with investors and analysts today to discuss the sale of its Canadian operations.

The Toronto stock market racked up another triple-digit loss Wednesday, adding to a sharp drop the previous session amid worries that central banks may withdraw efforts to help the global economic recovery.