NEW YORK -- Sloan's Supermarkets here said last week it will acquire and remodel 29 Sloan's and Gristede's stores that are controlled privately by Sloan's chairman John A. Catsimatidis.
e change for the company, to Gristede's Sloan's Inc. and an increase of common stock from 10 million to 25 million shares.
As a result of the merger, Sloan's will operate a total of 43 supermarkets and a health and beauty aids store.
The transaction was valued at $40 million. Catsimatid