JITNEY OPENS TENDER FOR DELCHAMPS STOCK

JACKSON, Miss. -- Jitney Jungle Stores of America here said last week it has started its tender offer to pay $30 per share for all outstanding common stock of Delchamps, Mobile, Ala.However, two potential stumbling blocks to the ultimate completion of the deal must be resolved:Dealing with objections to the offer by an outside investment group, which owns 5.7% of Delchamps stock and which said it

JACKSON, Miss. -- Jitney Jungle Stores of America here said last week it has started its tender offer to pay $30 per share for all outstanding common stock of Delchamps, Mobile, Ala.

However, two potential stumbling blocks to the ultimate completion of the deal must be resolved:

Dealing with objections to the offer by an outside investment group, which owns 5.7% of Delchamps stock and which said it believes the $30 selling price may be too low.

Convincing Jitney bon

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