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Harris Teeter approached by two private equity firms and is exploring options

BY Michael Johnsen

MATTHEWS, N.C. — Harris Teeter on Wednesday confirmed an earlier Wall Street Journal report that the grocer was in the process of exploring strategic options. 

"While it is the long-standing policy of Harris Teeter Supermarkets not to comment on rumors regarding mergers and acquisitions, in response to certain media articles, as well as to remove any disruption to the conduct of its business and its associates, [Harris Teeter] confirmed today that it has retained J.P. Morgan Securities to assist the company in holding discussions with certain parties regarding strategic alternatives," the grocer stated in a press release. "[Harris Teeter] was approached by two private equity firms who expressed an interest in purchasing the company. In order to fulfill its duty to its shareholders to evaluate opportunities to increase shareholder value, the company retained J.P. Morgan to assist it in conducting discussions with certain highly qualified parties."

Harris Teeter does not plan to provide any additional information until such discussions are concluded, the company stated. 


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Evander Holyfield to make two appearances as part of Jewel-Osco’s ‘A Taste of Black History’ program

BY Michael Johnsen

ITASCA, Ill. — Evander Holyfield, the only five-time world heavyweight champion, will greet Supervalu’s Jewel-Osco customers and boxing fans during appearances at two of the retailer’s Chicago stores. Holyfield will be the special guest at free food sampling events on Feb. 16 and 17 that will be held as part of Jewel-Osco’s ongoing “A Taste of Black History” program, a month-long initiative that recognizes the retailer’s African-American vendor partners. 

Holyfield’s “Real Deal” BBQ sauce is sold at select Jewel-Osco stores, and the boxing champion will autograph a bottle of his sauce for every six bottles sold. In addition, consumers at both events can enjoy free samples of many of Jewel-Osco’s other African-American vendor products.

 


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Target, Mindless Behavior partner in lyric-writing contest

BY Alaric DeArment

MINNEAPOLIS — Target has a deal with pop music group Mindless Behavior to let fans write lyrics for the band, the mass merchandise retailer said Thursday.

The contest, called "Your Lyrics, Their Voices," gives fans the opportunity to write their own song lyrics for a verse of a special fan edition of the title track for the album "All Around the World."

The winning fan will travel to Los Angeles to meet the band and attend the "All Around the World" movie premiere. The deluxe exclusive edition of the album sold at Target will also have four additional tracks: "Lookin For Ya," "Bang Bang Bang," "Your Favorite Song" and "House Party."


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