Acme is seen as a good fit for the Albertson's chain

Article Abstract:

Albertson's, based in Boise, ID, will acquire Salt Lake City, UT-based American Stores Co., the parent company of Acme Market Inc. of Malvern, PA. The $11.7 billion merger would form the largest supermarket and drugstore operator in the US. Albertson's said it would not alter the name of the 177-store Acme chain. Few changes are expected after the merger, since Albertson's and Acme are similar in many ways, including the type of stores they operate and the types of services they offer to customers. The key difference between the two chain stores would be in their pricing philosophies. Albertson's offers low prices to win customers loyalty, while Acme offers big discounts on specific items to attract customers.

Comment:

Will acquire Salt Lake City, UT-based American Stores Co, the parent co of Acme Market Inc of Malvern, PA, in an $11.7 bil deal

Supermarkets and Other Grocery (except Convenience) Stores, Supermarkets, Utah, Idaho, Acme Markets Inc., Albertson's L.L.C., American Stores Co.

Pep Boys to sell most parts stores

Article Abstract:

Pep Boys-Manny, Moe and Jack of Philadelphia, PA, will have the sale of 100 of its 121 Pep Boys Express part-only store in a cash deal worth $108 million to AutoZone Inc. of Tennessee The auto parts and service company, will also close nine Pep Boys Express stores with below-expected performance. Pep Boys' store divestiture and closing, slated for October 10, 1998, represent a move away from parts-only operation in a non-service, non-tire concept. Pep Boys spokesperson Bill Furtkevic said the company intends to focus on its Supercenters, which sell tires and feature service bays. Pep Boys intends to use proceeds from the sale for repaying debt and take a $34 million charge against earnings.

Comment:

Plans to buy 100 of Pep Boys-Manny, Moe and Jack's 121 Pep Boys Express part-only store in a cash deal worth $108 million

Facilities & equipment, Tire, Battery & Accesory Stores, Automotive Parts and Accessories Stores, AutoZone Inc., Pep Boys-Manny, Moe and Jack, Automotive parts stores

Mall manager Kravco, Atlanta firm merge

Article Abstract:

Kravco Co. has consummated a $140 million merger with CGR Advisors, an investment advisory company based in Atlanta. Kravco is the largest shopping center management firm in the region.The newly-merged entity will be called Kravco Investments and will also be controlled by the family interests that own Kravco. CGR will also have equal control over the merged entity, which will purchase and develop shopping centers and other properties.

Comment:

Kravco consummates a $140 million merger with CGR Advisors

Land Subdivision and Land Development, Subdividers & Developers, Investment Advisory Services, Investment Advice, Georgia, Abstract, Investment advisers, Kravco Co., CGR Advisors Inc.