I don't know but I wouldn't be surprised if the spinoff is included in the price. I think the hope for more $$ depends on KR and what they want to do.
Private-equity firm Cerberus Capital Management LP is working to sew up a deal to buy Safeway Inc. this week, though its efforts to do so have been complicated by supermarket giant Kroger Co. , according to people familiar with the matter.
Cerberus already owns the Albertsons supermarkets, and is looking to pair it with Safeway , the nation's second-largest grocery chain, the people said. Cerberus had been hoping earlier this week to lock up a deal by now, the people said.
But Kroger Co. , Safeway's larger rival, is now considering a bid of its own for all or part of Safeway , the people said. Cerberus is still seen as likelier to emerge with a deal for Safeway , in part because of antitrust risk associated with any proposed tie-up with Kroger , they said.
Cerberus is offering to pay around $40 a share for Safeway , slightly above its current price, some of the people said. Other financial details of the transaction couldn't be learned.
At $40 , Safeway's equity would be valued at more than $9 billion , and a deal would represent one of the largest supermarket mergers in recent years
no joke...don't forget this has been going on a long time and price ran up in front of it. This could end up a take under situation. just sayin'
The earnings are 1 time events that boosted earnings. The sale of assets ballooned the results.
Blackhawk will be distributed to holders of record same as div., or as a kicker to the sale of the company and again a record date is involved. Or the buyer could keep the HAWK investment if they wish but it will be part of the balance sheet and accounted for in a purchase price.
The sept 40's look more like a ratio spread where they are long 1 of the 35 calls and short 2 of the 40 calls. So beware of the 40's
Bullish is any call buying of that size regardless of the strike price. It's not a spread either. Just an outright bet that in 2 weeks $SWY is higher than $31.50, their breakeven price. A gutsy move unless it's a hedge that we can't know about.