PROPOSED FINANCIAL RULES COULD SPUR ACQUISITIONS

WASHINGTON -- The pace of supermarket mergers could be affected by proposed changes in merger and acquisition accounting rules by the Financial Accounting Standards Board.The proposal could help accelerate the pace of takeovers in the supermarket industry in the short-term, as companies race to close deals before the possible changes take effect in 2001.The proposal would, among other things, eliminate

WASHINGTON -- The pace of supermarket mergers could be affected by proposed changes in merger and acquisition accounting rules by the Financial Accounting Standards Board.

The proposal could help accelerate the pace of takeovers in the supermarket industry in the short-term, as companies race to close deals before the possible changes take effect in 2001.

The proposal would, among other things, eliminate the pooling of interests method of accounting for business combinations,

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