SAFEWAY BUY OF RANDALL'S SEEN AIDING PROFIT GROWTH

PLEASANTON, Calif. -- The pending acquisition by Safeway here of Houston-based Randall's Food Markets will ensure Safeway's strong earnings growth for at least two years while enabling the chain to pursue additional acquisitions, industry observers told SN last week.Safeway said it would pay approximately $1.8 billion for the $2.6 billion chain that operates 116 stores in Houston, Dallas and Austin,

PLEASANTON, Calif. -- The pending acquisition by Safeway here of Houston-based Randall's Food Markets will ensure Safeway's strong earnings growth for at least two years while enabling the chain to pursue additional acquisitions, industry observers told SN last week.

Safeway said it would pay approximately $1.8 billion for the $2.6 billion chain that operates 116 stores in Houston, Dallas and Austin, Texas. The price includes $1.425 billion for Randall's equity -- encompassing approxi

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