GRISTEDE'S TRIES TO RAISE MONEY TO BUY 28-UNIT KINGS

PARSIPPANY, N.J. -- The nearly three-year effort of London-based retailer Marks & Spencer to sell its 28-store Kings Super Markets chain here may soon end if Gristede's Foods, New York, is able to raise the agreed-upon price of $155 million in the next few weeks.Early last week, Gristede's filed papers with the Securities and Exchange Commission declaring that it had begun an offering of $175 million

PARSIPPANY, N.J. -- The nearly three-year effort of London-based retailer Marks & Spencer to sell its 28-store Kings Super Markets chain here may soon end if Gristede's Foods, New York, is able to raise the agreed-upon price of $155 million in the next few weeks.

Early last week, Gristede's filed papers with the Securities and Exchange Commission declaring that it had begun an offering of $175 million in unregistered senior notes. According to the filing, the money would be used t

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