INVESTMENT GROUP GETS PENN TRAFFIC BOARD SEATS SYRACUSE, N.Y. — An investment group that has acquired a 23% stake in Penn Traffic Co. here said last week it had succeeded in placing two representatives on the supermarket operator's board of directors. Kurt Cellar, a partner in New York-based Bay Harbour Management, and Scott Sozio, an analyst at the firm, were both added to board. Penn Traffic, which operates 106 supermarkets under the P&C, BiLo and Quality banners, previously had said ...
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