• The Columbus Dispatch reports that Giant Eagle “is lowering prices on 450 items by about 12 percent. The items to be reduced include canned goods, pastas and dinner mixes -- products that can be used by customers to ‘develop quick and easy meals,’ according to the company.”
• The international Herald Tribune reports that UK retailer Sainsbury is more favorable toward a proposed $21 billion (US) takeover offer tendered by Delta Two, the investment arm of the Qatari government. The Sainsbury family originally was resistant because they were concerned that the financing would overload the retailer with two much debt, but Delta Two then restructured the bid to make it more acceptable. However, local press reports suggest that it is far from a done deal, with much due diligence and regulatory approvals still to come.
• Susser Holdings Corp. will acquire San Angelo, Texas-based Town & Country Food Stores, a 160-unit chain of convenience stores in Texas and New Mexico, for about $361 million.
• The international Herald Tribune reports that UK retailer Sainsbury is more favorable toward a proposed $21 billion (US) takeover offer tendered by Delta Two, the investment arm of the Qatari government. The Sainsbury family originally was resistant because they were concerned that the financing would overload the retailer with two much debt, but Delta Two then restructured the bid to make it more acceptable. However, local press reports suggest that it is far from a done deal, with much due diligence and regulatory approvals still to come.
• Susser Holdings Corp. will acquire San Angelo, Texas-based Town & Country Food Stores, a 160-unit chain of convenience stores in Texas and New Mexico, for about $361 million.
- KC's View:
