KROGER BUDGETS $116M FOR PAYOUT

CINCINNATI -- Kroger here said last week it will pay approximately $116 million on a pretax basis for the fiscal year ended Jan. 31 to Safeway and Albertsons to compensate them for losses during the 20-week strike-lockout in Southern California that ended in early March.ing to Kroger's 10-K filing with the Securities and Exchange Commission last week, its payout is the result of an agreement among

CINCINNATI -- Kroger here said last week it will pay approximately $116 million on a pretax basis for the fiscal year ended Jan. 31 to Safeway and Albertsons to compensate them for losses during the 20-week strike-lockout in Southern California that ended in early March.

ing to Kroger's 10-K filing with the Securities and Exchange Commission last week, its payout is the result of an agreement among the three chains "to prevent the unions from placing disproportionate pressure on one o

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