Safeway settles merger dispute

Safeway settles merger dispute

Safeway said Monday that it has entered into a settlement agreement with certain shareholders who’d filed suit in connection with Safeway’s merger with AB Acquisitions.

The settlement would make adjustments to how the merger agreement treats contingent value rights (CVR) agreements for Casa Ley and PDC, retail and real estate divisions, respectively, that Safeway contemplates selling in connection with the merger.

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