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BRIEFLY

Two firms will make a bid for Anderson, Clayton.

August 21, 1986

Bear, Sterns & Co. and Gruss & Co. said the $56-a-share cash offer for the Houston food company would commence today, if Anderson, Clayton's board abandons a share repurchase plan, valued between $50 and $55 a share. The investment firms said they filed a suit in Delaware Chancery Court to block the share repurchase plan.

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