Safeway Completes Blackhawk Spin-Off - Quick Facts

(RTTNews) - Safeway Inc. (SWY) announced that it has completed the distribution to its stockholders of 37.84 million shares of Class B common stock of Blackhawk Networks Holdings, Inc. (HAWKB) owned by Safeway.

After the completion of the distribution, Safeway no longer owns any shares of Class B common stock of Blackhawk.

The company said the distribution was made today, April 14, 2014 in the form of a pro rata common stock dividend, of its Class B common stock equity interest in Blackhawk to all Safeway stockholders of record on April 3, 2014.

Safeway noted that stockholders have received 0.164291 of a share of Blackhawk Class B common stock, in book-entry form, for every share of Safeway common stock held as of the close of business on April 3, 2014. No fractional shares of Blackhawk Class B common stock were distributed. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk Class B common stock that they otherwise would have received.