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Haft Sells Majority Stake in Dart to Younger Son

August 20, 1993|From The Washington Post

WASHINGTON — Herbert Haft has sold his majority stake of voting stock in Dart Group Corp. to his younger son, Ronald, which may have moved control of the Haft family holding company beyond the reach of Herbert's estranged wife, Gloria.

In an unusual twist in the transaction, made public Thursday, Herbert retains the right to vote the shares he sold, thus retaining control of the company.

But in another major stock transaction, Ronald obtained the right to buy substantially more new shares of voting stock.

Herbert recently made Ronald president of Dart Group, replacing Ronald's brother, Robert, who was ousted as part of a family feud.

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