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Practically 4 years later, Mr. Magowan and the KKR group can certainly rely their blessings. Whereas they borrowed heavily to purchase Safeway from the shareholders, final month they offered 10% of the corporate (but none of their speedy paper review own shares) back to the general public — at a value that values their very own collective stake at greater than $800 million, more than 4 times their cash investment.