AMERICAN STORES CO., Salt Lake City, announced it will repurchase 12.2 million shares of its common stock from its largest shareholders, the family of L.S. Skaggs and certain family and charitable trusts, for $45 per share, or $550 million. The company also announced that it had agreed to file a registration statement to enable those shareholders to sell between 14.7 million and 16.4 million additional shares in a secondary offering as promptly as practicable. Victor L. Lund, chairman and ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.