SALT LAKE CITY -- The recapitalization of Smith's Food & Drug Centers here, and its subsequent merger with Yucaipa Cos., Los Angeles, is expected to be completed in about 30 days, according to Smith's executives. The company said last week it anticipated commencing a tender offer before the end of April to sell 50% of its common stock at $36 per share, a process that will be completed in 20 business days (or 30 calendar days) after it starts. Once that's done, Yucaipa will merge its ...
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.