NEW YORK, March 13, 2014 Morgan & Morgan announces that it is investigating the Board of Directors of Safeway Inc. ("Safeway" or the "Company") (NYSE: SWY) concerning the sale of the Company to Cerberus Capital Management, L.P.
If you own shares of Safeway and want more information about the merger please contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
Under the terms of the agreement, public shareholders of Safeway will receive about $40 a share, consisting of $32.50 a share in cash, plus other considerations and stock in Safeway's spinoff Blackhawk Network Holdings.
Our investigation concerns possible breaches of fiduciary duty and other violations of law by Safeway's Board of Directors for not acting in the best interest of the Company's shareholders in connection with the sale process.
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Peter Safirstein, Esq.
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New York, NY 10036
SOURCE Morgan & Morgan