Albertson's, Inc. & American Stores Co. Receive Additional Information Request From FTC Regarding Merger and Announce Date for the Special Meetings of Stockholders.BOISE, Idaho--(BUSINESS WIRE)--Oct. 2, 1998--Albertson's, Inc. (NYSE NYSE See: New York Stock Exchange :ABS) and American Stores American Stores was the name of a United States chain of supermarkets. It was formed in 1917 when Acme Markets merged with four other Philadelphia area grocery chains into American Stores. American Stores would grow to 1,700 stores in 40 states with $15 billion in sales. Company (NYSE:ASC ASC Ambulatory surgery center, see there ) announced that they have received a request for additional information from the Federal Trade Commission with regard to the Premerger Notification and Report Forms they filed in connection with the proposed merger of the two companies. Albertson's and American Stores are taking all steps necessary to provide the information requested in a timely manner. As a result of this request, the Hart-Scott-Rodino waiting period is extended until 20 days following the companies' substantial compliance with the request. The companies also announced that the special meetings of stockholders for the purpose of considering the proposed merger will be held on November 12, 1998. The Albertson's, Inc. meeting is scheduled for 10:00 a.m., local time, in the Cascade Room of the Holiday Inn located at 3300 South Vista Avenue, Boise, Idaho. The American Stores Company meeting is scheduled for 8:00 a.m., local time, at the Hyatt Westlake Plaza, 880 South Westlake Boulevard, Westlake Village, California Westlake Village is a city located in Los Angeles County, California, USA. The population was 8,368 at the 2000 census. This city located in the Conejo Valley is known for its affluence and secluded character, and is considered one of the wealthier communities in the Greater Los . Proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other for the special stockholders' meetings are expected to be mailed to stockholders next week. Both Albertson's and American Stores are among the largest retail food and drug operators in the United States. Albertson's, which is based in Boise, Idaho, currently operates 967 retail stores in 25 Western, Midwestern and Southern states. American Stores, based in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , currently operates approximately 1,560 stores in 26 Eastern, Midwestern and Western states. |
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