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Article: FRED MEYER AGREES IN PRINCIPAL TO ACQUIRE MERKSAMER JEWELERS
- Article from:
- PR Newswire
- Article date:
- May 30, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PORTLAND, Ore., May 30 /PRNewswire/ -- Fred Meyer, Inc. (NYSE: FMY) announced today that its Board of Directors approved an agreement in principal to acquire 49 Merksamer Jewelers located in major malls in 11 states, giving the Fred Meyer retail chain a total of 194 fine jewelry operations in 14 states.
Fred Meyer Jewelers, Inc., a wholly owned subsidiary of Fred Meyer, Inc., expects to complete documentation by the end of June to purchase all the outstanding shares of stock of Merksamer Jewelers, Inc. Merksamer will become a subsidiary of Fred Meyer Jewelers. The stores will continue to use the Merksamer Jewelers name and their operations and personnel will not ...