Article: Fred Meyer Inc. to acquire Grand Central Inc.

SALT LAKE CITY, March 24 /PRNewswire/ -- Grand Central, Inc., (AMEX:GC) announced yesterday that its board of directors has unanimously approved an agreement in principle with Fred Meyer, Inc., Portland, Ore., for the acquisition of Grand Central by Fred Meyer for $11 per share in cash. The acquisition is subject to certain conditions, including the negotiation and ...

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