THE PDC CVR was due to expire on January 30, 2017, but has been extended in order to finalize outstanding matters related to the disposition of PDC. It will likely be months before these matters are finalized and a distribution, if any, is made. Albertsons/Safeway will provide more information when we have more clarity on the timing to resolve these remaining matters.
Safeway distributed to Safeway shareholders 37.8 million shares of Blackhawk Network Holdings Inc. (Nasdaq: HAWKB), its gift and prepaid card subsidiary, on April 14, 2014. The stock is trading as 'HAWK' since May 2015.
The distribution is expected to be taxable to Safeway shareholders. The fair market value is the volume weighted average price (VWAP) on the first day of trading, April 15, 2014, which was $24.4565.
Short-Form Information Statement for HAWK Distribution