NEWS WATCH

KROGER CO., Cincinnati, said last week it has called for the redemption of the outstanding balance of approximately $177 million of its 8-1/2% senior secured debentures, due 2003, which were issued in June 1993. The company said it will redeem the debentures June 15 at 104.25% of their face value plus accrued interest.er a decision either at the hearing or shortly thereafter.FLEMING COS., Oklahoma

KROGER CO., Cincinnati, said last week it has called for the redemption of the outstanding balance of approximately $177 million of its 8-1/2% senior secured debentures, due 2003, which were issued in June 1993. The company said it will redeem the debentures June 15 at 104.25% of their face value plus accrued interest.

er a decision either at the hearing or shortly thereafter.

FLEMING COS., Oklahoma City, said it has signed a five-year supply agreement with Fedco, a chain of 10 mass-merchandise stores in southern California whose annual volume is $400 million. The stores will be supplied out of Fleming's Phoenix division, the company said.

ARDEN GROUP, Los Angeles, said it will ask stockholders at the company's annual meeting next month to increase the authorized number of Class A and Class B shares of common stock -- a move necessary for Arden to retain its listing on the Nasdaq Stock Market. The company, which operates 13 Gelson's and Mayfair Markets, got an extension late last month from Nasdaq to help it achieve compliance with the listing's new maintenance requirements, which took effect Feb. 23. If stockholders approve the share increase, Arden said it would effectuate a 4-for-1 stock split of Class A and B shares shortly after the annual meeting.

DIRECTORS OF DOMINICK'S SUPERMARKETS, Northlake, Ill., have approved the repurchase from time to time of up to 1 million shares of the company's common stock on the open market at prevailing market prices, the company said.