Sobeys Plans To Acquire Canada Safeway

There’s no word yet on the local impact on Sobeys planned purchase of the Canadian assets of Safeway.
The parent company of Sobeys, Nova Scotia-based Empire Company, plans to acquire fellow grocer Canada Safeway for $5.8-billion cash.
Empire says the deal to buy Safeway’s 213 Canadian stores and other assets will boost its presence in Western Canada.
It hasn’t decided yet if the Safeway stores will keep the Safeway name.