THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Friday, October 13, 1995 TAG: 9510130540
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
TYPE: Daily Digest
SOURCE: (Staff)
LENGTH: Short : 22 lines
Shareholders at Richfood Holdings Inc. and Super Rite Corp. on Thursday approved the companies' merger. Richfood, a Richmond-based wholesale food distributor, will acquire Super Rite in a $320 million stock swap. Under the agreement, Richfood will issue 1.02 shares of common stock for each of the 9.6 million outstanding shares of Super Rite common stock. The acquisition is expected to be completed within the week. Super Rite is a distributor based in a Harrisburg, Pa. by CNB