Fleming Cos., Oklahoma City, has reconfirmed its decision to adopt a new share purchase rights agreement, effective July 6. Its board readdressed the issue last week after a shareholder advisory action at the May 1 annual meeting indicated a desire to vote on the continued existence of such an agreement. Robert E. Stauth, chairman and chief executive officer, stated that the move is intended to protect Fleming shareholders in light of the effect of its re-engineering efforts and the wholesaler's low stock price due to the David's Supermarkets litigation.
e at the plant, which will continue to produce private-label cereals, will be consolidated at Ralston's Cincinnati facility. In Denver, the United Food and Commercial Workers Local 7 last week presented a package of proposals for striking meatcutters and retail clerks to Safeway, Oakland, Calif., and King Soopers, Denver. Company officials were reviewing the proposals and were expected to meet with the mediator late last week to respond to the union's terms, a union spokesman said. The two sides, who met briefly last month before talks stalled, resumed negotiations June 13 at the mediator's request and have met several times since then. A strike-lockout began May 14.
Canada Safeway, Calgary, Alberta; Overwaitea Food Group, Langley, British Columbia, and United Food and Commercial Workers Locals 2000 and 1518 resumed talks last week as a strike-lockout in British Columbia entered its fourth week. A government mediator requested the parties meet after workers overwhelmingly rejected the companies' final offer in a June 10 to 12 vote, union and company officials said. The mediator was expected to make non-binding recommendations for terms of a settlement late last week. Information about the recommendations was not available.
