WINN-DIXIE AGREES TO BUY THRIFTWAY

CINCINNATI -- Winn-Dixie Stores is expanding its reach in the Midwest -- deep into the heart of Kroger Co. territory.The Jacksonville, Fla.-based company has reached an agreement with Thriftway here to acquire the food and drug retailer's 25-store operation. All of Thriftway's stores are in the Greater Cincinnati area.Terms of the agreement were not disclosed. Observers said the deal is to be a stock

CINCINNATI -- Winn-Dixie Stores is expanding its reach in the Midwest -- deep into the heart of Kroger Co. territory.

The Jacksonville, Fla.-based company has reached an agreement with Thriftway here to acquire the food and drug retailer's 25-store operation. All of Thriftway's stores are in the Greater Cincinnati area.

Terms of the agreement were not disclosed. Observers said the deal is to be a stock transaction, most likely valued between $150 million and $200 million.

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