MEGAFOODS IS SELLING ITS ARIZONA UNITS TO BASHAS'

MESA, Ariz. -- Megafoods Stores here said it has reached an agreement in principle to sell its 16 price-impact locations in Arizona to Bashas', Chandler, Ariz., for an undisclosed price. Megafoods also said it will operate its conventional stores in Texas as a stand-alone company, although it would entertain offers to sell the 19 stores there.Bashas' is expected to complete its due diligence and make

MESA, Ariz. -- Megafoods Stores here said it has reached an agreement in principle to sell its 16 price-impact locations in Arizona to Bashas', Chandler, Ariz., for an undisclosed price. Megafoods also said it will operate its conventional stores in Texas as a stand-alone company, although it would entertain offers to sell the 19 stores there.

Bashas' is expected to complete its due diligence and make a final bid on the Arizona stores late this week. After that, a judge in the U.S. Ba

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