1NEW YORK -- Grand Union Co., Wayne, N.J., has agreed to turn over majority control to Shamrock Group, an investment company, in a move to fuel an aggressive growth plan. At a press conference here last week, Grand Union officials said the 229-unit chain plans to sell $100 million of its preferred convertible stock to Shamrock, Burbank, Calif. -- a direct equity investment firm whose investment partners include the Roy E. Disney family and General Electric Pension Trust. When fully diluted, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.