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Safeway’s ‘go shop’ period has expired
It’s onto the next step for Safeway and Albertsons. No additional bidders emerged during Safeway’s 21-day “go shop” period following Albertsons’ announcement of its intention to acquire the company.
Under the definitive merger agreement, Safeway and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals during the 21-day period that ended March 27.
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Fridley Market renovation will finish in September
Westmont, Ill. — Tri-Land Properties has announced that it expects to complete a $21 million renovation of its 20-acre Fridley Market community center by September. Fridley Market is located at the intersection of I-694 and University Avenue, the main north/south spine through Minneapolis-St. Paul.
The renovation of the 165,000-sq.-ft. center includes building, infrastructure, lighting and pavement improvements as well as new construction.
