WAKEFERN COULD ACQUIRE BIG V FOR $150 MILLION

FLORIDA, N.Y. -- Big V Supermarkets here last week announced it has entered into a preliminary agreement that would lead to its acquisition by its wholesale supplier Wakefern Food Corp., Elizabeth, N.J. The purchase of the company would form the basis of Big V's reorganization under Chapter 11 bankruptcy protection, which it began earlier this year.Karen Meleta, spokeswoman for Wakefern, told SN that

FLORIDA, N.Y. -- Big V Supermarkets here last week announced it has entered into a preliminary agreement that would lead to its acquisition by its wholesale supplier Wakefern Food Corp., Elizabeth, N.J. The purchase of the company would form the basis of Big V's reorganization under Chapter 11 bankruptcy protection, which it began earlier this year.

Karen Meleta, spokeswoman for Wakefern, told SN that Wakefern plans to continue operating the 38 stores as a single entity, and not divvy

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