SAFEWAY SEARCHING FOR GOOD VALUE IN ACQUISITIONS

Safeway will continue to "kick tires" in search of additional acquisitions, but it doesn't intend to overpay, Steve Burd, chairman, president and chief executive officer of the Pleasanton, Calif.-based chain, said here.Speaking at the annual Food and Drug Retail Conference sponsored by Credit Suisse First Boston, Burd said, "People ask me about the climate for acquisitions, and I tell them that over

Safeway will continue to "kick tires" in search of additional acquisitions, but it doesn't intend to overpay, Steve Burd, chairman, president and chief executive officer of the Pleasanton, Calif.-based chain, said here.

Speaking at the annual Food and Drug Retail Conference sponsored by Credit Suisse First Boston, Burd said, "People ask me about the climate for acquisitions, and I tell them that over the last two years, there was probably more activity among companies looking at poten

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