• Bloomberg reports that 7-Eleven will buy 183 Florida properties from Exxon Mobil Corp. “as it accelerates North American acquisitions.
“The cash transaction comprises 169 stores in markets including Orlando and Palm Beach, five parcels of land and contracts to supply gasoline to nine service stations owned by dealers ... The companies declined to disclose the purchase price.”
• Supervalu announced that it has entered into a stock purchase agreement for the sale of Total Logistic Control (TLC), a wholly owned subsidiary that provides logistics and supply chain management solutions to manage distribution, warehousing and transportation operations for leading food, beverage and consumer packaged goods companies. Subject to closing conditions and regulatory approvals,TLC will be purchased by Ryder Integrated Logistics, Inc., the supply chain solutions division of Ryder System, Inc.
Exact terms of the deal were not disclosed.
• Fred Meyer and QFC stores, both divisions of The Kroger Co., announced that “they have been informed that associates have ratified a new labor agreement with United Food & Commercial Workers Union Locals 21, 81 and 367 and Teamsters Local 38 in Seattle.
“More than 7,800 Fred Meyer and 4,800 QFC associates are covered by the contracts, which include cashiers, as well as meat, grocery and general merchandise associates. The contracts cover associates in King, Snohomish, Pierce, Mason, Thurston and Kitsap counties. Fred Meyer and QFC negotiated the contracts as part of a multi-employer group which also included representatives of Safeway and Albertsons.”
• The Los Angeles Times reports that a Modesto, California farmer has sued the state and the Humane Society of the United States, saying that he is trying to find out “exactly how much space is a chicken legally entitled to have in a California henhouse.”
The suit is a response to “an anti-cruelty measure that was approved by state voters in 2008 ... (that) banned small, confining crates or cages for veal calves, egg-laying hens and pregnant sows. The Humane Society campaigned heavily for the act - and its passage created a ripple effect, putting pressure on other states to enact similar reforms.”
The plaintiffs say they are not challenging the legality of the law, but rather just looking for a legal clarification so that appropriate changes can be made. California farmers have until 2015 to bring their facilities up to standards.
“The cash transaction comprises 169 stores in markets including Orlando and Palm Beach, five parcels of land and contracts to supply gasoline to nine service stations owned by dealers ... The companies declined to disclose the purchase price.”
• Supervalu announced that it has entered into a stock purchase agreement for the sale of Total Logistic Control (TLC), a wholly owned subsidiary that provides logistics and supply chain management solutions to manage distribution, warehousing and transportation operations for leading food, beverage and consumer packaged goods companies. Subject to closing conditions and regulatory approvals,TLC will be purchased by Ryder Integrated Logistics, Inc., the supply chain solutions division of Ryder System, Inc.
Exact terms of the deal were not disclosed.
• Fred Meyer and QFC stores, both divisions of The Kroger Co., announced that “they have been informed that associates have ratified a new labor agreement with United Food & Commercial Workers Union Locals 21, 81 and 367 and Teamsters Local 38 in Seattle.
“More than 7,800 Fred Meyer and 4,800 QFC associates are covered by the contracts, which include cashiers, as well as meat, grocery and general merchandise associates. The contracts cover associates in King, Snohomish, Pierce, Mason, Thurston and Kitsap counties. Fred Meyer and QFC negotiated the contracts as part of a multi-employer group which also included representatives of Safeway and Albertsons.”
• The Los Angeles Times reports that a Modesto, California farmer has sued the state and the Humane Society of the United States, saying that he is trying to find out “exactly how much space is a chicken legally entitled to have in a California henhouse.”
The suit is a response to “an anti-cruelty measure that was approved by state voters in 2008 ... (that) banned small, confining crates or cages for veal calves, egg-laying hens and pregnant sows. The Humane Society campaigned heavily for the act - and its passage created a ripple effect, putting pressure on other states to enact similar reforms.”
The plaintiffs say they are not challenging the legality of the law, but rather just looking for a legal clarification so that appropriate changes can be made. California farmers have until 2015 to bring their facilities up to standards.
- KC's View:
