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Safeway Inc. has completed the distribution of its remaining 37.8 million shares of Blackhawk Network Holdings common stock.
The distribution was made today to all Safeway stockholders of record on April 3, 2014. Stockholders will receive cash in lieu of any fractional shares of common stock.
Pleasanton, Calif.-based Safeway operates 1,335 stores in 20 states and the District of Columbia, 13 distribution centers and 20 manufacturing plants, and employs approximately 138,000 employees.