J. Sainsbury, London, last week agreed to buy 2 million shares of nonvoting Class A common stock of Giant Food, Landover, Md., from the estate of Israel Cohen, Giant's former chairman, president and chief executive, who died in November 1995. The deal would lift Sainsbury's stake in Giant's Class A nonvoting shares to 19.7% from 16.3%, a Giant spokesman said; Sainsbury already owns about 50% of Giant's Class AL voting stock. When Cohen died, he owned about 2.8 million shares of nonvoting ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.