PEAPOD TO BUY PART OF STREAMLINE'S OPERATIONS

CHICAGO -- Peapod here last week said it would purchase the Washington and Chicago operations of Streamline.com in a move that provides Peapod with strategic benefits and Streamline with the means to keep its other businesses afloat.Peapod said it would pay $12 million in cash for Streamline's Chicago and Washington operations, including its facilities, customer base and employees. Peapod will also

CHICAGO -- Peapod here last week said it would purchase the Washington and Chicago operations of Streamline.com in a move that provides Peapod with strategic benefits and Streamline with the means to keep its other businesses afloat.

Peapod said it would pay $12 million in cash for Streamline's Chicago and Washington operations, including its facilities, customer base and employees. Peapod will also assume leases on Streamline warehouses in Gaithersburg, Md., and Lake Zurich, Ill.

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