LOS ANGELES -- Smart & Final here last week denied reports that its majority shareholder plans to acquire all outstanding stock of the company.
sed Casino S.A., which acquired majority control in 1984.
Casino increased its stake last year from 57.3% to 60.2% through open-market stock purchases, leading to industry speculation it might go after the balance. However, Ross Roeder, Smart & Final chairman, president and chief executive officer, told SN last week, "There is no substance to those reports."
