SALT LAKE CITY -- Smith's Food & Drug Centers here delivered a triple whammy last week: It concluded deals for the sale or lease of 17 of its 34 southern California supermarkets to a variety of local operators and said it will close the remaining units. It entered into negotiations with Yucaipa Cos., Los Angeles, for a possible stock merger that would allow Smith's to acquire Yucaipa's 28 Smitty's Super Valu stores in Arizona in exchange for giving Yucaipa a stock position in Smith's. ...

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.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

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.

Already registered? here.