JITNEY JUNGLE ANNOUNCES IT WILL BUY DELCHAMPS

JACKSON, Miss. -- Jitney Jungle Stores of America here said last week it has entered into a definitive agreement to acquire Delchamps, Mobile, Ala., for $30 per share, or close to $215 million.The transaction, which analysts said could boost efficiencies and margins for the two regional operators, is expected to be completed some time after Labor Day.The merger will result in a company of 223 stores

JACKSON, Miss. -- Jitney Jungle Stores of America here said last week it has entered into a definitive agreement to acquire Delchamps, Mobile, Ala., for $30 per share, or close to $215 million.

The transaction, which analysts said could boost efficiencies and margins for the two regional operators, is expected to be completed some time after Labor Day.

The merger will result in a company of 223 stores in Alabama, Arkansas, Florida, Louisiana, Mississippi and Tennessee, with a

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