AMERICAN STORES CO., Salt Lake City, announced it will repurchase 12.2 million shares of its common stock from its largest shareholders, the family of L.S. Skaggs and certain family and charitable trusts, for $45 per share, or $550 million. The company also announced that it had agreed to file a registration statement to enable those shareholders to sell between 14.7 million and 16.4 million additional shares in a secondary offering as promptly as practicable. Victor L. Lund, chairman and ...

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