SOMETHING HAPPENED

Speculation has been rife for months that Kroger Co. was to be involved in some big transaction, such as being acquired by Safeway.Now, with last week's proposed buyout of Fred Meyer Inc. by Kroger, the shape of the big transaction becomes clear at last. And, while it has nothing directly to do with Safeway, it's quite a big deal for the companies involved, and the whole industry. Here's a quick look

Speculation has been rife for months that Kroger Co. was to be involved in some big transaction, such as being acquired by Safeway.

Now, with last week's proposed buyout of Fred Meyer Inc. by Kroger, the shape of the big transaction becomes clear at last. And, while it has nothing directly to do with Safeway, it's quite a big deal for the companies involved, and the whole industry. Here's a quick look at a little of what the proposed acquisition would mean:

Kroger would retain

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