American Stores Co. federal regulatory waiting period applicable to its tender offer for shares of Lucky Stores Inc. has expired, but American has agreed to a Federal Trade Commission request not to purchase any shares of Lucky Stores until after 11:59 p.m. EDT May 27.

The agreement was requested by the FTC staff to give the commission time to take action on the proposed agreement and consent order, which American Stores has negotiated with the staff.American Stores said the agreement with the Federal Trade Commission does not effect the timing of its $65 per share cash tender offer for all outstanding shares of Lucky Stores.