TROY, Mich. -- Industry analysts told SN last week they doubted Kmart Corp. here was on the verge of being acquired by a supermarket chain. At the end of the previous week, published rumors of an impending purchase had driven Kmart stock up nearly 12% to $17 a share in a single day. At the close last Thursday, Kmart stock was selling for $15.50. The June 28 issue of Business Week (which appeared on newsstands June 18) said Safeway, Pleasanton, Calif., and Kroger Co., Cincinnati, were ...
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