J. SAINSBURY TO BUY STAR MARKETS FOR $490 MILLION

LONDON (FNS) -- J. Sainsbury plc here keeps its promises.The United Kingdom's second-largest food retailer stuck to its plan to expand further in the United States with the announcement of the proposed $490 million acquisition of Star Markets, Cambridge, Mass., from the investment group Investcorp. The acquisition is expected to be completed in early 1999.The purchase comes less than a month after

LONDON (FNS) -- J. Sainsbury plc here keeps its promises.

The United Kingdom's second-largest food retailer stuck to its plan to expand further in the United States with the announcement of the proposed $490 million acquisition of Star Markets, Cambridge, Mass., from the investment group Investcorp. The acquisition is expected to be completed in early 1999.

The purchase comes less than a month after Dino Adriano, Sainsbury's chief executive, said the U.K. retailer remains

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