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.

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