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From Times Staff and Wire Reports
Stater Bros. to Acquire Outstanding Stock: Stater Bros. supermarkets has entered into definitive agreements to acquire the 50% stake in the chain that it does not already own. Colton-based Stater Bros. agreed to pay $42 million in dividends, fees and options for the right to pay $60 million for the part owned by Craig Corp., a Los Angeles-based investor. Terms of the deal change if Stater does not purchase Craig’s stock within two years.
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