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.

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