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JP Morgan Analyst Weighs In On Likelihood On Safeway LBO (JPM,SWY)



A JP Morgan (NYSE:JPM) analyst weighed in on the likelihood of a Safeway (NYSE:SWY) leveraged buyout saying the company's pension and recently added debt make it less likely.The stock has pared opening gains after Ken Goldman's comments circulated.Safeway's recent moves may indicate a higher likelihood of Reverses Morris Trust (RHT) than a LBO, but wasn't certain RHT was even likely.Earlier, Safeway was trading almost 5% higher. The company has a market cap of $5.74 billion.JP Morgan had previously thought the company could be considering corporate action such as an LBO or RMT.

Category: Business
Length: 0 Minutes, 43 Seconds.
Published: 4/14/2012
Publisher: Financial News Network






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JP Morgan Analyst Weighs In On Likelihood On Safeway LBO (JPM,SWY)

A JP Morgan (NYSE:JPM) analyst weighed in on the likelihood of a Safeway (NYSE:SWY) leveraged buyout saying the company's pension and recently added debt make it less likely.The stock has pared opening gains after Ken Goldman's comments circulated.Safeway's recent moves may indicate a higher likelihood of Reverses Morris Trust (RHT) than a LBO, but wasn't certain RHT was even likely.Earlier, Safeway was trading almost 5% higher. The company has a market cap of $5.74 billion.JP Morgan had previously thought the company could be considering corporate action such as an LBO or RMT.
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