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A customer buys flowers at a Safeway store in Mountain View, Calif., in this file photo.
A customer buys flowers at a Safeway store in Mountain View, Calif., in this file photo.
(Paul Sakuma/AP)

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Loblaw would have stiff competition for Safeway

Investors and analysts are betting Loblaw Cos. Ltd. may take a run at the Canadian assets of Safeway Inc. now that it has the tantalizing prospect of spending the money that will come in from an initial public offering of Loblaw’s real estate holdings. But there’s no guarantee that Loblaw would get Safeway, as rival Metro Inc. would likely be willing and able to pay up for Safeway’s stores.