LA HABRA, Calif. -- The proposed merger of Food 4 Less Supermarkets here and Ralphs Grocery Co., Compton, Calif., hit a major snag late last week as a result of a disagreement with bondholders of both companies. the merger deal, Pat Graham, a partner in Yucaipa Cos., Los Angeles, told SN. Yucaipa owns Food 4 Less. The deadline for the exchange offer was extended once last week and more extensions are possible.

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