Albertson's, Inc. announces agreement to purchase store in Ponca City, Okla.BOISE, Idaho--(BUSINESS WIRE)--March 28, 1996--Albertson's, Inc. (NYSE NYSE See: New York Stock Exchange :ABS) announced that it has entered into a definitive agreement with Homeland Stores Inc. for the purchase of the one Homeland store located in Ponca City Ponca City, city (1990 pop. 26,359), Kay co., N Okla., on the Arkansas River; founded 1893 with the opening of the Cherokee Strip, inc. 1899. It is a trade, processing, and shipping hub in a grain, livestock, and oil area. . The agreement is subject to certain conditions and the company anticipates closing the transaction at the end of April 1996. The company is looking forward to serving customers in Ponca City where it already operates a general merchandise distribution center. Albertson's, Inc. is the fourth largest retail food-drug chain in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company currently operates 769 stores in 19 Western, Midwestern and Southern states. CONTACT: Albertson's, Inc., Boise Investor Relations Investor relations The process by which the corporation communicates with its investors. , 208/385-6284 News Media, 208/385-6392 |
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