NEW YORK -- Loeb Partners Corp. here may have to either dig deeper into its pockets or be willing to wait a year or more if it wants to effect any major changes at Spartan Stores. The investment group, which has accumulated a 7% stake in Spartan to become its largest shareholder, is seeking to force the Grand Rapids, Mich.-based wholesaler to put itself up for sale. It is also trying to nominate two directors to Spartan's board at the company's annual meeting, which is expected to take ...
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.