SEC approves Puregold merger with unit

Puregold Price Club Inc., the Lucio Co-led supermarkets chain, said it has received approval from the Securities and Exchange Commission (SEC) to absorb into its operations Company E Corp., operator of a small chain of grocery stores that it purchased two years ago.

In a disclosure to the stock exchange, Puregold said, “Company E Corp will be dissolved and merged to the surviving corporation, Puregold. Further, all assets and liabilities of Company E will be transferred to and absorbed by Puregold.”