Safeway shareholders approve Albertsons merger

Safeway shareholders voted overwhelmingly at the chain’s annual meeting Friday to approve the merger with Albertsons.

The transaction, announced in March, is expected to close by the end of the fourth quarter, subject to customary closing conditions and regulatory approval.

Meeting at the chain’s headquarters in Pleasanton, Calif., shareholders approved and adopted the proposal for AB Acquisition LLC, an affiliate of Boise, Idaho-based Albertsons, to acquire Safewa

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