-
HSN enters new $1.25 credit facility, will repurchase 4 million shares
St. Petersburg, Fla. - HSN Inc. (HSNi) has entered into a new $1.25 billion five-year credit facility, replacing its existing $600 million credit facility. In addition, in continuation of the company's capital return plan, the board of directors declared a special cash dividend of $10 per share, representing approximately $525 million.
-
FTC clears Albertsons, Safeway merger
Boise, Idaho -- Albertsons and Safeway announced on Tuesday that they have received clearance from the U.S. Federal Trade Commission for the companies' proposed merger, which was announced on March 6, 2014.
The FTC's clearance follows Albertsons' and Safeway's agreement to a proposed consent order, which includes a commitment to divest 168 stores.

