Fleming Says SEC Has Begun an Inquiry
From Associated Press
Grocery wholesale giant Fleming Cos. said it is the subject of what it calls an informal Securities and Exchange Commission inquiry.
The Lewisville, Texas-based grocery distributor said the SEC was looking into Fleming’s accounting and sales reporting.
The Wednesday disclosure came hours after Fleming announced it was selling 26 Food4Less stores in California and two still under construction to Save Mart Supermarkets for $165 million.
Fleming shares fell 89 cents to $5.11 on the NYSE.
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