ANNUAL MEETING

BOISE, Idaho -- Albertson's here plans to embark on an ambitious store opening and remodeling campaign during the next five years at a cost of some $11 billion, Gary Michael, chairman and chief executive officer, said during last week's annual shareholders meeting.The chain -- following its pending merger with American Stores Co., Salt Lake City -- intends to open 750 new food-and-drug combination

BOISE, Idaho -- Albertson's here plans to embark on an ambitious store opening and remodeling campaign during the next five years at a cost of some $11 billion, Gary Michael, chairman and chief executive officer, said during last week's annual shareholders meeting.

The chain -- following its pending merger with American Stores Co., Salt Lake City -- intends to open 750 new food-and-drug combination stores, 500 stand-alone drug stores and 600 fuel centers during the period, he said. Al

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