KKR PLANS TO REDUCE SAFEWAY HOLDINGS

NEW YORK -- Kohlberg Kravis Roberts & Co. here, which owns a 61% stake in Safeway, Oakland, said it will reduce its holdings to 53.4% This will be achieved through a secondary offering of Safeway stock by two KKR affiliates later this year. Safeway filed a registration statement last week with the Securities and Exchange Commission for the proposed offering. Once the SEC approves the sale, a price

NEW YORK -- Kohlberg Kravis Roberts & Co. here, which owns a 61% stake in Safeway, Oakland, said it will reduce its holdings to 53.4% This will be achieved through a secondary offering of Safeway stock by two KKR affiliates later this year. Safeway filed a registration statement last week with the Securities and Exchange Commission for the proposed offering. Once the SEC approves the sale, a price and date for the offering will be set. Observers said the move probably signals the beginnin

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