For IEEE to proceed sending you useful info on our products and services, please consent to our updated Privacy Coverage. Almost 4 years later, Mr. Magowan and the KKR group can indeed depend their blessings. Whereas they borrowed heavily to buy Safeway from the shareholders, last month they sold 10% of the company (but none of their own shares) back to the general public — at a price that values their very own collective stake at more than $800 million, greater than 4 times their money investment.

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