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Safeway Inc. (NYSE:SWY) Investor Files Lawsuit Against Proposed Takeover By Albertsons

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Lawsuit Overview

April 1, 2014 (Shareholders Foundation) - An investor who currently holds shares of Safeway Inc. (NYSE:SWY) filed a lawsuit in effort to halt the proposed takeover of Safeway Inc. by Albertsons for $40 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:SWY stockholders arising out of the attempt to sell Safeway Inc. too cheaply via an unf...

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