BOISE, Idaho -- The stage is set for a new No. 1 in the food industry Albertson's, based here, is poised to replace Kroger Co., Cincinnati, as the nation's top-volume chain. Last week Albertson's announced a definitive merger agreement with American Stores Co., Salt Lake City, for $11.7 billion, including $3.4 billion of debt. The combined company, which would be called Albertson's, would operate 2,474 stores in 37 states with pro forma 1998 estimated sales of approximately $36 billion. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.