ANAHEIM, Calif. -- Albertson's merger with American Stores Co. will not be its last, the chain's chairman and chief executive officer told an audience of sales representatives here. According to Gary E. Michael, "Our strong cash flow and balance sheet will enable us to participate in industry consolidation if the right opportunity becomes available in new or existing markets." In a speech to the Combined Food Sales Clubs of Southern California, Michael said Albertson's, based in Boise, ...
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