Safeway seen in need of help

Safeway seen in need of help

Wall Street analysts said they are expecting big things from Safeway — but not until after its merger with Albertsons later this year.

Most saw the company’s first-quarter results as disappointing.

“Safeway’s merger with Albertsons may be an issue of strategic necessity,” Ajay Jain, an analyst with Cantor Fitzgerald, New York, said, “[and] Cerberus may have i

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Contact: Desiree Torres [email protected]

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