PEWAUKEE, Wis. -- Roundy's here said last week it will convert from a member-owned cooperative to a purely voluntary wholesaler with retail stores if its members approve the sale of the company to Willis Stein & Partners, a private equity investment firm based in Chicago. Following last week's announcement that the two companies have signed a definitive agreement, Roundy's said members will vote on a proposal to sell virtually all of their stock to Willis Stein -- though management will ...
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