DELCHAMPS EXECUTIVES SAY CHAIN IS UP FOR SALE

MOBILE, Ala. -- Executives at Delchamps here have confirmed that the Southeastern supermarket chain is up for sale.David Morrow, the company's chairman and chief executive officer, said last week that Delchamps' board has engaged Credit Suisse First Boston, New York, to help find a buyer. Morrow said the firm has identified "a limited number of potential buyers who have expressed an interest in purchasing

MOBILE, Ala. -- Executives at Delchamps here have confirmed that the Southeastern supermarket chain is up for sale.

David Morrow, the company's chairman and chief executive officer, said last week that Delchamps' board has engaged Credit Suisse First Boston, New York, to help find a buyer. Morrow said the firm has identified "a limited number of potential buyers who have expressed an interest in purchasing the company at prices that are in the range of recent trading values."

Register to view the full article

Already a member? .

TAGS: Walmart