AWG AGREES TO PURCHASE BANKRUPT HOMELAND STORES

KANSAS CITY, Kan. -- Associated Wholesale Grocers here said last week it has reached an agreement in principle to acquire "substantially all" the assets of Homeland Stores, Oklahoma City, operator of 44 supermarkets in Oklahoma.Homeland has been operating as a debtor-in-possession since filing for Chapter 11 bankruptcy protection last Aug. 1 -- its second filing in five years. Since the filing, it

KANSAS CITY, Kan. -- Associated Wholesale Grocers here said last week it has reached an agreement in principle to acquire "substantially all" the assets of Homeland Stores, Oklahoma City, operator of 44 supermarkets in Oklahoma.

Homeland has been operating as a debtor-in-possession since filing for Chapter 11 bankruptcy protection last Aug. 1 -- its second filing in five years. Since the filing, it has closed 24 underperforming stores in Oklahoma, Texas and Kansas, some of which were

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