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big news for bay area-based a play tonight thanks for joining us i'm Cheryl
Jennings
that an Ashley attract this country's second largest grocery chain is
undergoing a sea change
after much speculation Safeway is being sold
for more than nine billion dollars at the same time the store is paying more
than two million dollars
for false advertising more now from ABC 7 News reporter Lee and blend s live
in Albany tonight Lee M well that Albertans is based in Boise Idaho
Safeway as you know here in the Bay Area Pleasanton
both say this will transform the supermarket industry
now who is going to lead this venture now the current CEO
up Safeway Robert Edwards will be the CEO of the new
combined chain the CEO of Albertson
will now be the executive chairman his name is Bob Miller
now here's what that expansion will look like right now Safeway has stores
in seventeen states the new chain
will be in 20 eight states both say the merger will benefit customers
after the two companies combined
our customers will benefit from significant cost savings synergies
any stronger management team and safe way up
Safeway also making the headlines up this afternoon after agreeing to pay
more than
2.2 million dollars to settle
a consumer protection action among other things to find
for false advertising pricing discrepancies
failing to honor discount coupons and making statements
that some other products were locally grown when they were not
and customers say they are always very vigilant
they honor my coupons but I you know I check my receipt when I leave the store
and if there's something that's incorrect I go in there and I tell them
in the eye
you know its %ah resolved because I
make sure that I get what I paid for now one of those filing a claim against us
Safeway was the Alameda County District Attorney's Office
on live from Albany lee Ann Landers ABC 7 News
Arabian thanks