Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5127)	2/17/2019 10:32:30 PM
From: richardred	Respond to of 7260

Russian tycoon launches bid for Spanish supermarket chain Dia Russian tycoon Mikhail Fridman’s investment group LetterOne said it plans to make a takeover bid for struggling Spanish discount supermarket chain Dia, at a 56% premium to the retailer’s share price. LetterOne, which is Dia’s biggest shareholder with a 30% stake, said it plans to offer almost 300mln euros ($342mln), or 0.67 euros per share, for the 70% that it doesn’t already own and plans a capital injection if its bid succeeds. Source: uk.reuters.com

To: richardred who wrote (5127)	3/18/2019 12:00:10 PM
From: richardred	Read Replies (1) \| Respond to of 7260

RE-SFS speculation Took a chance with a mild re-entry, but earnings put a kibosh on momentum the past two qtrs. I'll hold shares for now. P.S. Amazon Reportedly Launching New Grocery Chain Dave Royse , Benzinga Staff Writer Follow March 01, 2019 1:55pm Comments Amazon.com, Inc. AMZN 1.29% will open dozens of grocery stores in several U.S. cities, the Wall Street Journal reported Friday. Amazon is planning the first store, in Los Angeles, possibly by the end of this year, and has signed leases for two others to open in early 2020, the Journal reported, citing sources familiar with negotiations that the paper didn’t name. Amazon shares were up 1.41 percent to $1,662.94 after the news broke Friday, and shares of several big competing grocery chains took a hit. The Plan The new stores won’t be intended to compete with Whole Foods, also owned by Amazon. The new chain will carry a broader selection, rather than focusing on upscale and healthy categories, the Journal said. Amazon, which started primarily as an online book retailer but has grown into the dominant e-commerce site in the nation, may also explore buying out regional grocery chains as part of its move into the market, one source told the Journal. Cities involved in early negotiations for stores include San Francisco, Seattle, Chicago, Washington, D.C. and Philadelphia, the paper reported. The Sector Reaction Shares of other major chains in the $840-billion grocery business were dropping on the news, including Kroger Co. KR, which saw its shares fall 2.7 percent to $28.54. Shares of Walmart Inc. WMT 0.89% were down 0.79 percent at $98.21, while Costco Wholesale Corporation COST 0.61% was off 0.35 percent at $217.97. Target Corporation TGT 0.97% shares initially dropped, but rebounded and were up marginally to $72.67. BJs Wholesale Club Holdings Inc. BJ 1.49% was also down 0.95 percent to $25.08, while Casey’s General Stores Inc. CASY 0.66% dropped 0.3 percent to $134.33. Amazon's Grocery Experiment Amazon already has been experimenting with grocery stores, opening 10 Amazon Go stores in the last year that feature cashierless shopping where customers are electronically charged for whatever they take out of the store. It’s not clear if the new stores will have cashiers. Amazon bought Whole Foods for $13.7 billion in 2017, a move that was hailed at the time as one that could revolutionize the grocery industry and blur the lines between online and brick-and-mortar retail. A year-and-a-half on, the two brands are strongly integrated: walk into a Whole Foods store and you’ll have chances to buy an Amazon Echo and see lockers where customers can pick up food they’ve ordered online — a feature that has increased the number of short trips to Whole Foods. Customers also get Whole Foods discounts for being an Amazon Prime member. benzinga.com

To: richardred who wrote (5127)	4/10/2019 9:56:01 AM
From: richardred	Read Replies (1) \| Respond to of 7260

SFS-Speculation- Ahold still stopping and shopping? Long Island grocery chain King Kullen acquired by Stop & Shop - by Ron Koenigsberg April 02, 2019 - Long Island Ron Koenigsberg, American Investment Properties More change comes to Long Island related to grocery chains. King Kullen, an iconic supermarket chain on Long Island in business since 1930, was purchased by regional competitor Stop & Shop. Included in the deal are the remaining thirty two King Kullen stores, as well as five Wild by Nature natural food stores, and the corporate office in Bethpage. The acquisition is currently expected to close during the first quarter of this year according to Stop & Shop officials. About the King Kullen Supermarket Chain In a release, Brian Cullen, co-president of King Kullen, stated that “In 1930, Michael J. Cullen opened the first King Kullen and ushered in the era of the great American supermarket.” and referred to the family-owned business as “part of the fabric of this island for 88 years.” In 1980 the supermarket chain reached a high point of fifty three stores, of which 31 were in Suffolk County, and in 1995 the first Wild by Nature store opened in a former King Kullen location in East Setauket. The chain’s latest news before the deal to sell was in 2004 when the supermarket launched “Grown on Long Island” a program that featured produce from local Long Island Farms. The Cullen family remained in control of the chain throughout its history taking the company public in 1961 but bought it back in 1983. The Smithsonian Institute acknowledges King Kullen as America’s first supermarket, as it was the first to fulfill all five criteria that define the modern supermarket: separate departments, self-service, discount pricing, chain marketing, and volume dealing. This current deal is King Kullen’s second with Stop & Shop. In 2011, King Kullen sold its three Staten Island stores to Stop & Shop, as the chain completed its withdrawal from the New York City market. About The Stop & Shop Grocery Store Chain Stop & Shop president Mark McGowan stated in a release that they “look forward to bringing our quality, selection, and value to more communities in Nassau and Suffolk Counties.” However, the grocery store chain has not made any decisions on the conversion of the thirty seven stores total and has stated that they are still evaluating those stores and making decisions. Stop & Shop, founded in 1914, is a Massachusetts based regional chain with stores in Connecticut, Massachusetts, New Hampshire, New York, and Vermont and with more than $3 billion in annual sales. The first Stop & Shop arrived on Long Island in 1995. Today there are roughly 75 Stop & Shop locations across Long Island. This is not Stop & Shop’s first Long Island supermarket acquisition. In 2015, Stop & Shop acquired nine A&P locations consisting of three Pathmark and six Waldbaum’s stores. The current transaction is the second largest restructuring of the Long Island grocery business within recent months. In November 2018, German grocery giant Lidl announced the buy-out of Best Markets. Before that, in 2015 we saw the bankruptcy of Waldbaum’s parent company Great Atlantic & Pacific Tea Co. affecting Long Island’s 32 Waldbaum’s stores and 19 Pathmark stores. Ron Koenigsberg is the president of American Investment Properties, Garden City, N.Y. nyrej.com P.S. 2019 Grocery Business of the Year: Ahold Delhaize USA How scale, conviction, and a little bit of friction helped Ahold Delhaize USA chart a new trajectory and score a rare merger that’s hitting all its goals By Jon Springer on Apr. 08, 2019. winsightgrocerybusiness.com >snip "I expect more of the smaller chains and independent stores to seek deals with larger more efficient operators," Todd said. "And of course, don't forget Amazon's recent announcement it is looking at purchasing several regional grocery chains which has many of those firms asking how to get on that line." grocerydive.com