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To: Jenne who wrote (23402)	6/21/1999 12:17:00 PM
From: Glenn Petersen	Respond to of 41369

Actually, Safeway is the rumored buyer: Kmart Shares Up on Rumor of Merger 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. AP-NY-06-18-99 1807EDT

To: Jenne who wrote (23402)	6/21/1999 12:19:00 PM
From: Ed Forrest	Read Replies (2) \| Respond to of 41369

I'm out @ 114 1/16,market looking downright ugly.Looking for the big re-entry. Ed

To: Jenne who wrote (23402)	6/21/1999 12:26:00 PM
From: Annette	Respond to of 41369

OT- WMT was looking to buy K-Mart... a rumor I wouldn't doubt it...I believe KMart owned Builder's Square, and most strip malls have Builders Square on one end, and KMart on the other... Now Builder's Square appears to to be going belly up...I saw an article saying they were closing alot of stores. But then again, I think KMart sold their Builder's Squares.... I do know that KMart here in my city is suffering big time now that WalMart opened a superstore close by. Now there is another retail battle shaping up in Wisconsin with the appearance of Home Depot taking on the monster Menards.... All we need is Lowes and we'll see who wins then!!! As far as ATHM/S&P...I was thinking that Yahoo was next in line for it....