CARR GOTTSTEIN DROPS SALE-LEASE DEAL

ANCHORAGE, Alaska -- Carr Gottstein Foods here said it has decided not to pursue a proposed real-estate sale-leaseback transaction that it originally disclosed last spring. Don Anderson, senior vice president and chief financial officer, said the company had hoped to raise close to $100 million in the deal, which it intended to use to reduce its $158 million debt. But Carr Gottstein officials ultimately

ANCHORAGE, Alaska -- Carr Gottstein Foods here said it has decided not to pursue a proposed real-estate sale-leaseback transaction that it originally disclosed last spring. Don Anderson, senior vice president and chief financial officer, said the company had hoped to raise close to $100 million in the deal, which it intended to use to reduce its $158 million debt. But Carr Gottstein officials ultimately decided that the terms and conditions of the transaction "would not be in the long-term be

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