MILAN, Ill. -- Eagle Food Centers here will not be sold, but it is expected to continue to lose money, shareholders were told last week. At the company's 13th annual meeting here, a shareholder's proposal to sell the company was strongly defeated. The seven-member board of directors was re-elected to another one-year term. The proposal to sell the company garnered support from shareholders holding 269,653 shares, compared with a majority of shareholders holding 1.74 million shares who ...
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