Jana Partners acquires 6.2% of Safeway shares

Activist investment firm Jana Partners LLC has acquired a 6.2% share in the Safeway grocery chain and on Tuesday, Safeway launched a "poison pill" defense measure to block the investor from acquiring more than 10% of the available shares. Jana is seeking further discussions with the company to improve capital by shedding under-performing regions and a Safeway's recently launched gift-card unit.

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