It has been speculated that Safeway Inc., a large grocery chain, based in Pleasanton, California might be acquired because payouts for executives had been changed "in the event of a takeover." Stocks rose 2.5 percent and advanced 7.5 percent this week, the biggest increase since 2009. On April 9, the CFO Robert L. Edwards assumed the presidency of the more than 1,600 stores. Safeway is the second-largest U.S. grocery chain rose 6.3 percent and it has a market capitalization of about $5.7 billion. Safeway is not commenting over the speculation for takeover. They adopted a practice called "double-trigger vesting acceleration" that would require executives to stay at the company to get their money in case the company is bought. It is a very unique strategy and helps further the belief that the company will be bought by some other large group.
The full article can be found at: http://www.bloomberg.com/news/2012-04-13/safeway-rallies-most-since-2009-on-possible-takeover-spec.html
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