SALT LAKE CITY -- Shareholders of Smith's Food & Drug Centers here and Fred Meyer Inc., Portland, Ore., are scheduled to vote next Monday on whether to merge the two companies. es with estimated annual sales in excess of $7 billion. Once the deal is completed, Smith's would become a subsidiary of Fred Meyer Inc., and Yucaipa Cos., the Los Angeles-based investment firm that owns 24% of Smith's stock, would become Fred Meyer's largest single shareholder. A Yucaipa spokesman told SN last ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.