DALLAS, Aug. 10 /PRNewswire/ -- Fleming (NYSE: FLM) today announced that,
in accordance with the asset purchase agreement with Furrs Supermarkets Inc.,
the company has exercised its right to reject the real estate assets of 4
Furrs locations. Fleming has notified Furrs of the decision not to acquire
these assets. The 4 locations remain with Furrs.
Under the purchase agreement, Fleming may exclude up to 27 store locations
from the final transaction. Fleming has now excluded 21 locations. Fleming
continues to make progress toward finding suitable buyers for the remaining
locations. In addition, the company has identified sites that are being
analyzed for Fleming's price-impact store operations.
Fleming is the industry leader in distribution and has a growing presence
in value retailing. Fleming's primary business is buying and selling
merchandise. The company serves approximately 3,000 supermarkets including
more than 700 North American stores of global supermarketer IGA and other
regional banners, 5,000 convenience stores and more than 2,000
supercenters, discount, limited assortment, drug, specialty, and other
businesses across the country. To learn more about Fleming, visit our Web
site at http://www.fleming.com .
CONTACTS:
(Media) Shane Boyd 972.906.8824
(Media) Randy Hatcher 972.906.8823
(Investors-Equity) Meredith Anderson 972.906.8592
SOURCE Fleming
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Related links:
http://www.fleming.com
CONTACT:
media, Shane Boyd, +1-972-906-8824, or Randy
Hatcher, +1-972-906-8823, or investors-equity, Meredith Anderson,
+1-972-906-8592, all of Fleming
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