H.E. BUTT GROCERY CO., San Antonio, said it will open its first EconoMax store in Monterrey, Mexico, Wednesday -- a conventional-sized, price-oriented format similar to its Pantry Foods Stores in the Houston area. The company already operates two combination stores in Monterrey and expects to open a third in January.
inancing for its acquisition earlier this year of Dart Group, Lanham, Md., as well as for general corporate purposes, which may include financing acquisitions, repaying debt and repurchasing common shares. Funds not required immediately for those purposes will be invested temporarily in short-term marketable securities, the company said.
AHOLD, Zaandam, Netherlands, said its global combined offering of common shares and subordinated convertible notes was successful. The offering ended with 45 million shares sold at $27.90 per share. The proceeds will be used to finance the acquisition of Landover, Md.-based Giant Food. Ahold also entered into an underwriting agreement and expects the Giant deal -- which was subject to U.S. government approval -- to be completed in the next few weeks.
GRAND UNION CO., Wayne, N.J., said last week it began listing its stock on the Nasdaq National Market last Thursday using the ticker symbol GUCO. The company's warrants will continue to trade on the OTC Market under the symbol GUCOL. The company said trading of its common stock on Nasdaq will make it easier for investors to track the stock performance on a daily basis and provide a wider forum for securities transactions. The company had been listed on the Nasdaq index until a year ago, when it was moved to the Nasdaq SmallCap index and then delisted May 20 during its financial restructuring.