PICK 'N PAY BRANCHES OUT

CLAREMONT, South Africa -- Pick 'n Pay here has acquired a 50% stake in a 125-store chain of small supermarkets operating as Score Supermarkets.Pick 'n Pay, according to local reports, paid about $4.4 million in cash (16 million rand at the commercial exchange rate of 3.65 rand per $1) to Score in the deal, which included Score's Rite Value chain of franchised stores.Pick 'n Pay also has an option

CLAREMONT, South Africa -- Pick 'n Pay here has acquired a 50% stake in a 125-store chain of small supermarkets operating as Score Supermarkets.

Pick 'n Pay, according to local reports, paid about $4.4 million in cash (16 million rand at the commercial exchange rate of 3.65 rand per $1) to Score in the deal, which included Score's Rite Value chain of franchised stores.

Pick 'n Pay also has an option to buy an additional 25%, or up to 75% of Score's shareholding, under the term

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