GRAND UNION SETS EXIT FROM CHAPTER 11

WAYNE, N.J. -- Grand Union Co. here said last week it expects to complete its financial restructuring and emerge from Chapter 11 bankruptcy next week.That announcement came after the chain received confirmation last Wednesday of its voluntary, prepackaged plan of reorganization from the U.S. Bankruptcy Court in Newark, N.J.J. Wayne Harris, chairman and chief executive officer, said, "As a result of

WAYNE, N.J. -- Grand Union Co. here said last week it expects to complete its financial restructuring and emerge from Chapter 11 bankruptcy next week.

That announcement came after the chain received confirmation last Wednesday of its voluntary, prepackaged plan of reorganization from the U.S. Bankruptcy Court in Newark, N.J.

J. Wayne Harris, chairman and chief executive officer, said, "As a result of the restructuring, we will now have an appropriate capital structure and the

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