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BRIEFLY

October 15, 1987

Lucky Stores said it will invest $4 million in cash into a limited partnership to which, as previously announced, it will spin off its troubled Eagle Food Stores. Lucky will retain a 40% interest in the partnership's common equity and the rest will be owned by Eagle Food Stores management employees and an investment firm called Odyssey Partners. Lucky said allocation of debt to its Midwestern division, which is being transferred to the partnership, will enable the company to retain $120 million cash from the transfer, well in excess of the division's $80-million book value.

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