LOS ANGELES -- Yucaipa Cos. here last week continued to extend the deadline for exchanges and consents for holders of Ralphs Grocery Co. and Food 4 Less bonds. Those exchanges are necessary if Yucaipa, parent of Food 4 Less, La Habra, Calif., is to acquire Ralphs Grocery Co., Compton, Calif., for $1.5 billion, and merge the two entities. Earlier this month Yucaipa agreed to accept consents from only
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LOS ANGELES -- Yucaipa Cos. here last week continued to extend the deadline for exchanges and consents for holders of Ralphs Grocery Co. and Food 4 Less bonds. Those exchanges are necessary if Yucaipa, parent of Food 4 Less, La Habra, Calif., is to acquire Ralphs Grocery Co., Compton, Calif., for $1.5 billion, and merge the two entities. Earlier this month Yucaipa agreed to accept consents from only 50% of its bondholders rather than 80%, according to sources.
