PLEASANTON, Calif. -- The combination of Safeway here and Vons Cos., Arcadia, Calif., would make Safeway the second-largest chain in the United States, with volume of approximately $22.6 billion.
1 Kroger Co., Cincinnati, whose 1996 volume is expected to be about $25 billion.
Currently, Safeway's volume for 1996 is estimated to be $17.2 billion at 1,052 stores, while Vons' volume is estimated at $5.4 billion at 325 stores.
The merger agreement calls for Safeway to exchange 1.425 shares of ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.
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.