March 18, 2013 at 13:32 PM EDT
Safeway Files IPO For Blackhawk Gift Card Unit
Safeway (SWY) filed an initial public offering to spin off its Blackhawk Network gift card unit. The grocery store operator said the IPO should raise about $200 million but the number of shares and price haven't been announced. The shares will be sold by existing shareholders. Blackhawk, established in 2001, sells prepaid gift cards at grocery stores and other stores for Amazon (AMZN), Apple's (AAPL) iTunes, Barnes & Noble (BKS) and Starbucks
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