FRED MEYER LISTS BENEFITS OF SMITH'S DEAL

PORTLAND, Ore. -- Fred Meyer Inc. here said it expects to achieve $45 million in annual benefits beginning in 1999 as a result of its merger last week with Smith's Food & Drug Centers, Salt Lake City.The merger, which was approved by shareholders of both companies last Monday, creates a new holding company called Fred Meyer Inc. that includes a total of 420 stores in 19 states -- 112 Fred Meyer stores,

PORTLAND, Ore. -- Fred Meyer Inc. here said it expects to achieve $45 million in annual benefits beginning in 1999 as a result of its merger last week with Smith's Food & Drug Centers, Salt Lake City.

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