ROUNDY'S MEETING COULD DECIDE COMPANY'S FATE
t week it is awaiting completion of proxy materials so it can schedule a special shareholder meeting to vote on the proposed sale of the company to Willis Stein, a Chicago-based private equity investment firm. Gerald A. Lestina, president and chief executive officer, told SN he is not certain when the proxy materials will be ready, though he said the company still hopes to complete the transaction by the end of May or early June. If the deal is consummated, Roundy's will convert from a member-owned cooperative to a pure voluntary wholesaler.
RUDDICK DROPS ANDERSON, HIRES KPMG
CHARLOTTE, N.C. -- Ruddick Corp. here, parent company of Harris Teeter, Mathews, N.C., said last week it has replaced Arthur Anderson LLP as its independent auditors with KPMG LLP. Andersen has served as Ruddick's auditors since 1983, the company said.