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August 1, 1996 | Times Staff and Wire Reports
Grand Union to Sell Stake to Shamrock for $100 Million: The investment group led by Roy Disney agreed to buy Grand Union Inc. for convertible preferred stock, giving it control of one of the Northeast's largest supermarket chains. Burbank-based Shamrock Group Inc. and its partner, General Electric Co.'s pension funds, are betting they'll be able to turn around the long-troubled grocer, which emerged from bankruptcy in June 1995. Wayne, N.J.
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BUSINESS
August 1, 1996 | Times Staff and Wire Reports
Grand Union to Sell Stake to Shamrock for $100 Million: The investment group led by Roy Disney agreed to buy Grand Union Inc. for convertible preferred stock, giving it control of one of the Northeast's largest supermarket chains. Burbank-based Shamrock Group Inc. and its partner, General Electric Co.'s pension funds, are betting they'll be able to turn around the long-troubled grocer, which emerged from bankruptcy in June 1995. Wayne, N.J.
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