OTHER NEWS - Feb. 23, 1995

Grocery Merger Bond Talks Continue: The partners in a planned supermarket merger negotiated with their bondholders and were prepared to extend the talks past the Wednesday deadline for a deal under which existing holdings would be swapped for new bonds that would be issued by a merged grocery company. The negotiations are the first step in a plan by Food 4 Less Supermarkets--operator of Alpha Beta and other chains--to secure the financing to acquire Ralphs Grocery Co. If there is agreement on terms such as the interest rate payment and fees, the bond swap would proceed and more financing would be sought.