JITNEY SEEKS LARGER CHAIN FOR MERGER TO HELP GROWTH

JACKSON, Miss. -- Jitney-Jungle Stores of America here said last week it would seek to merge with another supermarket-industry player in a bid to remain competitive and to facilitate growth.The move marks the second time in three years Jitney has been for sale."Our plan is to continue to grow our presence in the Deep South by hooking up with someone with greater financial wherewithal," Michael E.

JACKSON, Miss. -- Jitney-Jungle Stores of America here said last week it would seek to merge with another supermarket-industry player in a bid to remain competitive and to facilitate growth.

The move marks the second time in three years Jitney has been for sale.

"Our plan is to continue to grow our presence in the Deep South by hooking up with someone with greater financial wherewithal," Michael E. Julian, chairman and chief executive officer of the 197-store chain, told SN

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