SUPERMARKETS GENERAL HOLDINGS CORP., Carteret, N.J., parent company of Pathmark Stores, also of Carteret, said last week it has won court approval of a $10 million settlement, which was disclosed in May, that resolves a class-action lawsuit by preferred shareholders upset by the company's pending sale of Pathmark to Netherlands-based Ahold. Under terms of the settlement, preferred shareholders will get $40.25 per share -- $2 more than common shareholders will get -- less legal fees, which ...
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