WAYNE, N.J. -- Grand Union Co. here last week said it closed the sale of $40 million of Class A convertible preferred stock to an investment group of Trefoil Capital Investors II and GE Investment Private Placement Partners II. h Trefoil is an affiliate) and a subsidiary of General Electric Pension Trust (of which GE Investment is an affiliate). Grand Union plans to make subsequent $20 million convertible preferred stock sales to the investment group Feb. 25, 1997; Aug. 25, 1997, and Feb. ...

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