GRAND UNION SEEKING TO SELL STORES AT AUCTION

WAYNE, N.J. -- Grand Union here said last week it plans to go to U.S. Bankruptcy Court today to seek approval to conduct an auction on Nov. 16 to sell its 197 stores.The company filed a petition for Chapter 11 protection earlier this month.According to Jeffrey P. Freimark, chief financial and administrative officer, Grand Union has already filed a sales plan with the court, including the auction,

WAYNE, N.J. -- Grand Union here said last week it plans to go to U.S. Bankruptcy Court today to seek approval to conduct an auction on Nov. 16 to sell its 197 stores.

The company filed a petition for Chapter 11 protection earlier this month.

According to Jeffrey P. Freimark, chief financial and administrative officer, Grand Union has already filed a sales plan with the court, including the auction, and any objections to that plan can be raised at today's hearing.

If

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