Safeway sees acquisition opportunities

Tue Mar 13, 2007 9:20am EDT

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CHICAGO, March 13 (Reuters) - Safeway Inc. (SWY.N), the No. 3 U.S. grocer, could find some acquisition opportunities as the result of consolidation in its industry, Safeway's chief financial officer said on Tuesday.

The comment by Chief Financial Officer Robert Edwards came during a presentation at an analysts' conference.

Recently announced deals in the grocery industry include Whole Foods Market Inc.'s WFMI.O plan to acquire Wild Oats Markets Inc. OATS.O and Great Atlantic & Pacific Tea Co. Inc.'s GAP.N plan to buy Pathmark Stores Inc. PTMK.O.

((Reporting by Brad Dorfman, editing by Gerald E. McCormick; Reuters Messaging: bradley.dorfman.reuters.com@reuters.net; 312-408-8133)) Keywords: SAFEWAY/

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