Fatty's Donut Shop Message Board

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Strategies & Market Trends : Fatty's Donut Shop

KKD 21.00

0.0%

Aug 4 5:00 PM EST

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To: Jeff Resch who wrote (1828)	6/19/1999 11:25:00 AM
From: JIM FEN	Read Replies (1) of 5041

Jeff as i was reading this morning's philadelphia inquirer i see K MART as a possible takeover target . here is the small artical Kmart Corp. shares rose 12 percent yesterday on speculation that the discount retailer may be a takeover target of supermarket chains bracing for competition from Wal-Mart Stores Inc. Safeway Inc., the supermarket chain, may be considering buying Kmart, Business Week reported in its "Inside Wall Street" column Thursday. Kmart rose $1.813 to $17 in New York Stock Exchange trading of 16.6 million shares, almost six times the three-month daily average. JIM FEN

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