Safeway not prepping for buyout, CEO says

04/27/2012 | Drug Store News

Safeway CEO Steve Burd told analysts that the company is not preparing for a buyout, saying recent activities including stock buybacks and Robert Edwards' promotion to president are not "preparation for some other event." "Everything that you described -- even though you pieced them together and tried to do some sort of connection of dots -- is happening [as part of a] normal course," Burd said.

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