SALT LAKE CITY -- Smith's Food & Drug Centers here completed its recapitalization and merger plan last week. The merger, approved by Smith's shareholders at last week's annual meeting here, involves the issuance of Smith's stock to current shareholders of Smitty's Supermarkets, Phoenix, whose major shareholder is Yucaipa Cos., a Los Angeles investment firm. Smitty's will become a part of Smith's, giving Yucaipa an ownership and management position in Smith's. The recapitalization, ...
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.