Stater Bros. said public stockholders would receive...
- Share via
Stater Bros. said public stockholders would receive $25.50 per share in cash under a previously disclosed plan to convert the company to private ownership. Chairman Jack H. Brown said a special committee agreed on the price, which was deemed by financial adviser Dean Witter Reynolds to be fair. Only 7.8% of the Colton-based supermarket company’s shares are held by the public, with La Cadena Investments and Craig Corp. holding the remaining 92.2%. If the plan to go private is approved by shareholders at a meeting expected to be held in late September or early October, those two groups would each own 50%.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.