SALT LAKE CITY, Nov. 12 /PRNewswire/ -- American Stores Company
(NYSE: ASC) announced that at its Special Meeting of Shareholders held this
morning, the shareholders of American Stores Company approved the previously
announced merger agreement among the Company, Albertson's, Inc., and a
wholly-owned subsidiary of Albertson's, Inc., and the merger related thereto.
Closing of the transaction is subject to regulatory approvals and other
customary closing conditions and is expected to take place in early 1999.
Cautionary Note: This press release contains certain forward-looking
statements about the ability of the Company and Albertson's to obtain the
necessary regulatory approvals and satisfy the other conditions to closing of
the merger transaction. These statements are based on management's
assumptions and beliefs in light of the information currently available to it.
The Company assumes no obligation to update the information contained herein.
These forward-looking statements are subject to uncertainties and other
factors that could cause actual results to differ materially from such
statements including, but not limited to, the inability of the Company and
Albertson's to obtain the required regulatory approvals on terms acceptable to
them; material adverse changes in the business or financial condition of
either company prior to closing; and other factors affecting the respective
businesses of the Company and Albertson's which are described in the Joint
Proxy Statement and Prospectus and their respective Forms 10-Q filed with the
Securities and Exchange Commission.
SOURCE American Stores Company
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Company News On-Call:
http://www.prnewswire.com/comp/048750.html or fax,
800-758-5804, ext. 048750
CONTACT:
Dan Zvonek, Director - Investor and Public
Relations of American Stores Company, 801-539-0112
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