Activist Investor Pushes for More Asset Sales at Safeway

Activist Investor Pushes for More Asset Sales at Safeway

PLEASANTON, Calif. — A new investor in Safeway is urging the retailer to sell stores in markets including Chicago, Arizona and Southern California — and is used to getting what it wants.

A source close to Jana Partners told SN last week that the activist hedge fund — which earlier this month disclosed it had acquired a 6.2% stake in Safeway — also sees opportunities for Safeway to return mor

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