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Smitty S Super Valu Inc

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BUSINESS
January 30, 1996 | From Associated Press
Smith's Food & Drug Centers announced Monday that it has reached agreement to acquire Smitty's Supermarkets, which has 28 stores in Phoenix and Tucson, for stock and debt totaling about $239.5 million. The grocery and drugstore company had said Jan. 15 that it was calling off merger talks with the Arizona supermarket chain, controlled by Yucaipa Cos., a Los Angeles-based private investment company. The company did not say what triggered a resumption of the talks.
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BUSINESS
January 30, 1996 | From Associated Press
Smith's Food & Drug Centers announced Monday that it has reached agreement to acquire Smitty's Supermarkets, which has 28 stores in Phoenix and Tucson, for stock and debt totaling about $239.5 million. The grocery and drugstore company had said Jan. 15 that it was calling off merger talks with the Arizona supermarket chain, controlled by Yucaipa Cos., a Los Angeles-based private investment company. The company did not say what triggered a resumption of the talks.
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BUSINESS
January 16, 1996 | Times Staff and Wire Reports
Smith's Food & Drug Ends Merger Talks With Smitty's: The Salt Lake City-based company said it terminated merger talks with Smitty's Super Valu Inc., a Phoenix-based supermarket operator, and also ended its plan to buy back up to 50% of its stock. Smith's, which operates supermarkets in the West and Southwest, said it is still considering a "significant" stock buyback or a possible sale of the company. The merger discussions were announced last week.
BUSINESS
January 16, 1996 | Times Staff and Wire Reports
Smith's Food & Drug Ends Merger Talks With Smitty's: The Salt Lake City-based company said it terminated merger talks with Smitty's Super Valu Inc., a Phoenix-based supermarket operator, and also ended its plan to buy back up to 50% of its stock. Smith's, which operates supermarkets in the West and Southwest, said it is still considering a "significant" stock buyback or a possible sale of the company. The merger discussions were announced last week.
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