SLOAN'S TO BUY UNITS FROM ITS CHAIRMAN

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

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

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