CHAIRMAN PLANNING TO TAKE GRISTEDE'S PRIVATE

NEW YORK -- Gristede's Foods here will become a private company, effective around June 30, John Catsimatidis, chairman and chief executive officer, said last week.Catsimatidis, who owns more than 90% of the Gristede's stock personally or through Red Apple Group here, of which he is the sole owner, said he intends to acquire publicly held shares of Gristede's for a price of 87 cents per common share.

NEW YORK -- Gristede's Foods here will become a private company, effective around June 30, John Catsimatidis, chairman and chief executive officer, said last week.

Catsimatidis, who owns more than 90% of the Gristede's stock personally or through Red Apple Group here, of which he is the sole owner, said he intends to acquire publicly held shares of Gristede's for a price of 87 cents per common share. Consummation of the merger will be subject to a definitive agreement, along with regu

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