NEWS WATCH

SMITH'S FOOD & DRUG CENTERS, Salt Lake City, said it has lifted the restrictions that prevented shareholders from selling stock following the company's recapitalization and merger last year. Under terms of the recap, holders of approximately 5 million shares of Class A common stock were subject to lock-up restrictions that required them to hold on to those shares for a prescribed period. The lock-up

SMITH'S FOOD & DRUG CENTERS, Salt Lake City, said it has lifted the restrictions that prevented shareholders from selling stock following the company's recapitalization and merger last year. Under terms of the recap, holders of approximately 5 million shares of Class A common stock were subject to lock-up restrictions that required them to hold on to those shares for a prescribed period. The lock-up was part of the terms in the recap and merger of Smith's with Smitty's Supermarkets, Ph

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