KKR IN DEAL TO ACQUIRE BRUNO'S FOR $1.2 BILLION

BIRMINGHAM, Ala. -- Bruno's here has reached a definitive agreement to be acquired by Kohlberg Kravis Roberts & Co., the New York-based investment firm.The purchase of Bruno's -- for cash and stock totaling about $1.2 billion -- would enable the 254-store chain to speed up expansion plans, according to observers.The purchase price includes KKR's assumption of $220 million in debt and capitalized leases.

BIRMINGHAM, Ala. -- Bruno's here has reached a definitive agreement to be acquired by Kohlberg Kravis Roberts & Co., the New York-based investment firm.

The purchase of Bruno's -- for cash and stock totaling about $1.2 billion -- would enable the 254-store chain to speed up expansion plans, according to observers.

The purchase price includes KKR's assumption of $220 million in debt and capitalized leases. The chain's board of directors will recommend the merger at a specia

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