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Dart Group is making an offer for Safeway.

July 09, 1986

The Baltimore-based discount auto supply and book company is offering to buy all of the stock of Safeway Stores, the nation's largest supermarket chain. The bid came in newspaper ads placed in today's editions, offering $58 a share, or $3.6 billion, from a Dart subsidiary, Dart Acquisition Corp. Officials at Safeway's Oakland headquarters declined to discuss the offer. "If an offer has indeed been made, it is unlikely that we would comment on it before seeing anything in writing, and we have seen nothing," said Harry D. Sunderland, Safeway's executive vice president. Drexel Burnham Lambert is listed as the dealer manager of the offer.

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