PHOENIX -- The Smitty's banner has been a fixture in Arizona for 35 years, but it's expected to disappear when the deal that was struck last week between Smitty's Supermarkets here and Smith's Food & Drug Centers, Salt Lake City, closes. That's just one of the outcomes expected when the merger agreement goes into effect about May 1. The deal is valued at $240 million to $250 million, including Smitty's debt. Smith's also plans a tender offer for 50% of its outstanding common. The offer ...
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 complimentary access to the SN salary survey data tables.
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.