MAUMEE, Ohio -- Seaway Food Town here said last week its board has authorized management to retain an investment banking firm to assist the company in evaluating "various strategic alternatives." The company said these alternatives "might include a merger, a business combination or a strategic alliance." Charles Cerankosky, an analyst with McDonald & Co., Cleveland, told SN what's driving Seaway's strategic search is increasing competition from larger chains, particularly Kroger Co., ...
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