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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (15921)	6/18/1999 5:35:00 PM
From: lostmymoney	Respond to of 29382

biz.yahoo.com y2klottery.com

To: lostmymoney who wrote (15921)	6/18/1999 5:47:00 PM
From: scouser	Respond to of 29382

<(Thats saturday and sunday for you Ken)> ROFLBRCFH

To: lostmymoney who wrote (15921)	6/18/1999 7:10:00 PM
From: Sergio H	Respond to of 29382

Mike, KM rumour is still young. nytimes.com June 18, 1999 Kmart Shares Up on Rumor of Merger -------------------------------------------------------------------------------- A.P. INDEXES: TOP STORIES \| NEWS \| SPORTS \| BUSINESS \| TECHNOLOGY \| ENTERTAINMENT -------------------------------------------------------------------------------- Filed at 6:07 p.m. EDT By The Associated Press DETROIT (AP) -- Kmart Corp. stock closed up nearly 12 percent Friday after a published report said the company could be the target of a merger with supermarket giant Safeway Corp. Kmart's stock closed at $17, up $1.81 1/4 in heavy trading on the New York Stock Exchange. Business Week magazine reported Thursday that Safeway was looking at Kmart in the wake of Wal-Mart Corp.'s recent purchase of British supermarket chain Asda Group PLC. Kmart chairman Floyd Hall said in October that the company would consider merging or aligning with a grocery business. In recent years, Kmart and Wal-Mart have been designing stores that combine groceries and other retail goods under one roof. While Wal-Mart has been successful with its sprawling Supercenters, some Wall Street analysts have said Kmart needed another company's help to build a food distribution system. Kmart spokeswoman Mary Lorencz said Friday the company had no comment on the rumors. Melissa Plaisance, spokeswoman for California-based Safeway, declined to comment directly on the report, but repeated an earlier statement that ''the focus of the company's acquisitions has been high-quality supermarkets.''