SHAREHOLDERS TO VOTE ON SMITH'S MERGER

SALT LAKE CITY -- Shareholders of Smith's Food & Drug Centers here and Fred Meyer Inc., Portland, Ore., are scheduled to vote next Monday on whether to merge the two companies. es with estimated annual sales in excess of $7 billion. Once the deal is completed, Smith's would become a subsidiary of Fred Meyer Inc., and Yucaipa Cos., the Los Angeles-based investment firm that owns 24% of Smith's stock,

SALT LAKE CITY -- Shareholders of Smith's Food & Drug Centers here and Fred Meyer Inc., Portland, Ore., are scheduled to vote next Monday on whether to merge the two companies.

es with estimated annual sales in excess of $7 billion. Once the deal is completed, Smith's would become a subsidiary of Fred Meyer Inc., and Yucaipa Cos., the Los Angeles-based investment firm that owns 24% of Smith's stock, would become Fred Meyer's largest single shareholder.

A Yucaipa spokesman

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