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Safeway Inc Increases Stock Repurchase Authorization By $2 Billion

Friday, 18 Oct 2013 09:25am EDT 

Safeway Inc. announced that its Board of Directors increased the authorized level of the Company's stock repurchase program by $2.0 billion. Through the end of the third quarter of 2013, Safeway had approximately $0.8 billion remaining under its previously authorized stock repurchase program. Safeway's stock repurchase authorization does not have an expiration date, and the timing of repurchases will depend on market conditions. Stock repurchases may be effected from time to time through open market purchases or pursuant to a Rule 10b5-1 plan. The stock repurchase program may be accelerated, suspended, delayed or discontinued at any time. 

Company Quote

0.13 +0.38%
17 Dec 2014