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Archive for Tuesday, November 10, 1998

KROGER WILL TAKE $75 MILLION CHARGE

November 10, 1998

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Supermarket giant Kroger Co. said its proposed merger with Fred Meyer Inc. would result in a charge to operations of about $75 million for transactions fees and costs.

In a merger document filed with the Securities and Exchange Commission, Kroger said the costs of integrating the companies also would result in other non-recurring charges to the results of operations of the merged companies.

Additional significant charges resulting from the merger might also show up in subsequent quarters.

Kroger, which owns Kansas-based Dillon Food Stores Inc., last month agreed to buy Portland, Ore.-based Fred Meyer in a $13 billion deal that would make the merged company the country's largest supermarket chain.

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