MODESTO, Calif. — Save Mart Supermarkets here views its pending purchase of 132 Albertsons stores in northern California and northern Nevada as a merger, not as a buyout or a takeover, Bob Spengler, who recently returned to Save Mart as president and chief operating officer, told SN last week. “We're not going to ride in on a white horse as saviors,” he explained, “because it's a profitable company that already has a very good team in place, and we don't plan to do anything of any magnitude ...

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