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Safeway said yesterday that it plans to take its Blackhawk Network gift card and payment services unit public, probably during the first half of next year.

According to Reuters, "Safeway, one of the largest U.S. supermarket chains, said it plans to file a registration statement for a potential initial public offering of a minority stake in Blackhawk, a move long- awaited by Wall Street investors."
KC's View:
Blackhawk has always been one of Safeway's smartest strategic moves, and one that has been executed precisely and effectively.