Spin-off, Blackhawk Network | featured news

Safeway Plans IPO for Gift-Card Unit

Safeway

Supermarket chain Safeway SWY +4.30% is planning to spinoff its gift-card subsidiary Blackhawk Network with an IPO next year, only months after saying that wasn’t in the cards. The plan, revealed in a short press release with scant details, calls for a minority stake to be sold in Blackhawk.

 

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