- The Montreal Gazette reports that if A&P decides to sell its 237-unit Canadian operation, as has been widely rumored, it is likely to prompt a bidding war between Metro and Sobey’s.
- The Wall Street Journal reports that the Sears-Kmart merger is expected to be completed by the end of this month, and that a possible bid for Sears by another company is not likely to materialize.
- KC's View:
We keep wondering the same thing about the Sears-Kmart merger as we do about the acquisition of May Co. by Federated.
These combined companies are going to be bigger. But are they going to be better? Are they going to be companies that are so compelling and different that they reverse the negative trends that have been hurting these companies’ performances?
Somehow, we doubt it. But maybe we’re just jaded.