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Safeway Inc. Message Board

  • tealcarver tealcarver Nov 14, 2013 6:04 PM Flag

    Series A Junior Participating Preferred Stock

    Just got a letter from Safeway concerning the right to buy one one thousandths of a share of Series A Junior Preferred stock. The letter says that they are aware of a significant amount of Common stock held by Jana Partners LLC. I have read this and I am sorry to say that I don't speak or read legaleze very well. Can anyone explain this? My take is that it is a poison pill designed to get the present stock holders more money if there is an official takeover attempt. Please spare me from the usual negative comments associated with asking a question. So if you know and would like to share, wonderful, if you know and you want to make yourself superior by engaging in a tirade of stupidity, then don't bother answering. Thanks

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