JACKSON, Miss. -- Jitney Jungle Stores of America here said last week it has started its tender offer to pay $30 per share for all outstanding common stock of Delchamps, Mobile, Ala. However, two potential stumbling blocks to the ultimate completion of the deal must be resolved: Dealing with objections to the offer by an outside investment group, which owns 5.7% of Delchamps stock and which said it believes the $30 selling price may be too low. Convincing Jitney bondholders to waive ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.