Ryan & Maniskas, LLP Announces Investigation of Safeway Inc.
WAYNE, Pa., March 7, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Safeway Inc. ("Safeway" or the "Company") (NYSE: SWY) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Albertsons in a transaction valued at approximately $9 billion.
If you own shares of Safeway and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/swy. You may also email Mr. Maniskas at email@example.com.
Under the terms of the agreement, public shareholders of Safeway will receive value estimated at $40.00 per share for each share of Safeway they own. This includes $32.50 in cash, the right to receive pro-rata distributions of net proceeds from primarily non-core assets with an estimated value of $3.65 per share, and shares of Blackhawk Network Holdings, Inc. (NASDAQ GS: HAWK).
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Safeway for not acting in the Company's shareholders' best interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP