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BRIEFLY

A court approved the purchase of Pacific Stereo.

July 23, 1986

U.S. Electronics said the bankruptcy court approved its agreement to buy the stereo equipment chain, which is reorganizing under Chapter 11 of the U.S. Bankruptcy Code, for about 3.6 million shares of U.S. Electronics common stock and payment of $2.8 million from gross sales to be generated by the reorganized Pacific Stereo. The Aurora, Colo., company, which will operate Pacific Stereo until a reorganization plan is approved, said it plans to reopen as many as 50 West Coast stores starting in September.

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