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 ...
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