GRAND RAPIDS, Mich. -- Loeb Partners, the New-York-based investment firm that has been pushing for Spartan Stores here to sell itself, has reduced its stake significantly in the wholesaler and withdrawn its nominations to Spartan's board of directors. In a filing with the Securities and Exchange Commission, Loeb said that "in light of the recent movement of [Spartan's] stock price," it has withdrawn the nominations of Eugene Davis and Timothy Bernlohr for election to the board. Loeb began ...
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 complimentary access to the SN salary survey data tables.
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.