NEW YORK -- Sloan's Supermarkets here said last week it will acquire and remodel 29 Sloan's and Gristede's stores that are controlled privately by Sloan's chairman John A. Catsimatidis. e change for the company, to Gristede's Sloan's Inc. and an increase of common stock from 10 million to 25 million shares. As a result of the merger, Sloan's will operate a total of 43 supermarkets and a health and beauty aids store. The transaction was valued at $40 million. Catsimatidis and an entity ...
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 complimentary access to the SN salary survey data tables.
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.