SAFEWAY, VONS ARE POISED TO BENEFIT FROM TIE'S SYNERGY

PLEASANTON, Calif. -- Safeway here said last week it has signed a definitive agreement with Vons Cos., Arcadia, Calif., to acquire the southern California chain -- a move that sets the stage for both companies to benefit from a variety of synergies.The actual value of the acquisition, first proposed by Safeway in late October, will be determined by the price of Safeway stock just prior to completion

PLEASANTON, Calif. -- Safeway here said last week it has signed a definitive agreement with Vons Cos., Arcadia, Calif., to acquire the southern California chain -- a move that sets the stage for both companies to benefit from a variety of synergies.

The actual value of the acquisition, first proposed by Safeway in late October, will be determined by the price of Safeway stock just prior to completion of the deal, which is expected to close in March or April.

Following the mer

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