Printer Friendly

MEGAFOODS ANNOUNCES AGREEMENT TO ACQUIRE STORES FROM THE KROGER CO.

 MESA, Ariz., Aug. 10 /PRNewswire/ -- Megafoods Stores Inc. (NASDAQ: MEGF) announced the execution of a definitive agreement to acquire from The Kroger Co. (NYSE: KR) 15 stores in San Antonio. The companies previously announced a letter of intent on July 21, 1993. The closing of the contract is scheduled for Aug. 11.
 Megafoods will immediately commence a total remodel and re-equipping of these stores. The stores, which will offer a full line of grocery items, including an extensive produce selection, deli/bakeries and check cashing services, are scheduled to open Oct. 15. The stores will operate in a similar format to Megafoods' Arizona stores which are open 24 hours and charge no membership fees.
 Megafoods will release its second quarter results for the period ended July 3 on Thursday, Aug. 12. An investor telephone conference will take place that day. Investors and their advisors interested in participating should call Sondra Mize for details.
 -0- 8/10/93
 /CONTACT: Jack J. Walker, CFO, 602-957-3152, or Sondra L. Mize, investor relations, 602-545-3235, both of Megafoods Stores/
 (MEGF KR)


CO: Megafoods Stores Inc.; The Kroger Co. ST: Arizona, New Mexico IN: REA SU: TNM

LS-JL -- LA011 -- 0972 08/10/93 05:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 10, 1993
Words:200
Previous Article:TOYOTA HELPS DEALERS PROTECT ENVIRONMENT WITH ENVIRONMENTAL ASSISTANCE NETWORK HOTLINE
Next Article:WESTERN GAS RESOURCES INC. ANNOUNCES SECOND QUARTER RESULTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters