GRAND UNION CONTROL BEING SOLD TO FUEL GROWTH PLAN

1NEW YORK -- Grand Union Co., Wayne, N.J., has agreed to turn over majority control to Shamrock Group, an investment company, in a move to fuel an aggressive growth plan.At a press conference here last week, Grand Union officials said the 229-unit chain plans to sell $100 million of its preferred convertible stock to Shamrock, Burbank, Calif. -- a direct equity investment firm whose investment partners

1NEW YORK -- Grand Union Co., Wayne, N.J., has agreed to turn over majority control to Shamrock Group, an investment company, in a move to fuel an aggressive growth plan.

At a press conference here last week, Grand Union officials said the 229-unit chain plans to sell $100 million of its preferred convertible stock to Shamrock, Burbank, Calif. -- a direct equity investment firm whose investment partners include the Roy E. Disney family and General Electric Pension Trust. When fully di

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