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SECURITIES AND EXCHANGE COMMISSION
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WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT (Date of earliest event reported) February 12, 1998
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JITNEY-JUNGLE STORES OF AMERICA, INC.
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(Exact name of registrant as specified in its charter.)
MISSISSIPPI 33-80833 64-0280539
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(State or other jurisdiction (Commission File Number) (IRS Employer
jurisdiction of incorporation) Identification number)
1770 Ellis Avenue, Suite 200, Jackson, MS 39204
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(Address of Principal Executive Offices - Zip Code)
(601) 965-8600
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(Registrant's telephone number, including area code)
N/A
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(Former name and former address, if changed since last report.)
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Item 2. Acquisition or Disposition of Assets.
Jitney-Jungle has sold ten grocery stores to SUPERVALU Holdings, Inc.
and affiliated companies ("SUPERVALU"), and four grocery stores to Bruno's,
Inc. ("Bruno's). The sale to SUPERVALU was finalized as of February 12, 1998,
and the sale to Bruno's was finalized as of February 18, 1998.
SUPERVALU paid approximately $7.4 million in cash for the equipment and
inventory of ten stores located in Gulfport (three stores), Hattiesburg (two
stores), Biloxi, Vicksburg and Waveland, Mississippi, and Pensacola, FL (two
stores). Bruno's paid approximately $2.3 million in cash for the equipment
and inventory of four stores located in Montgomery (two stores), Prattville
and Tuscaloosa, Alabama. In both instances, equipment was valued at a
negotiated price and inventory was valued at retail less gross margin
percentage for the store in question.
The sale to SUPERVALU was made pursuant to a Federal Trade Commission
("FTC") Consent Order dated January 29, 1998, approving the Agreement
containing Consent Order entered into on September 11, 1997, by and among
Jitney-Jungle, Delchamps, Inc., Bruckmann, Rosser Sherrill & Co., L.P., Delta
Acquisition Corporation and the FTC in connection with the merger of
Jitney-Jungle and Delchamps, Inc.
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SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
JITNEY-JUNGLE STORES OF AMERICA, INC.
DATE: February 25, 1998 By: /s/ David R. Black
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Senior Vice President - Finance,
Chief Financial Officer
