GRAND UNION GETS ANOTHER CASH INFUSION FROM BACKERS

WAYNE, N.J. -- Grand Union Co. here last week received the latest portion of an infusion of capital from an investment group and said its chairman, Roger E. Stangeland, will personally purchase $3 million of preferred stock.ting officer, a move that surprised some analysts.The injection of capital is expected to facilitate a number of projects that are getting closer to completion, the company said.

WAYNE, N.J. -- Grand Union Co. here last week received the latest portion of an infusion of capital from an investment group and said its chairman, Roger E. Stangeland, will personally purchase $3 million of preferred stock.

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