LOEB TO SPARTAN: ACT NOW

GRAND RAPIDS, Mich. -- In a letter sharply critical of Spartan Stores' board of directors and management, New York-based investor Loeb Partners aggressively resumed its campaign last week to convince the retailer-distributor here to consider selling all or parts of the company or slash capital expenditures and pay a dividend.Loeb's call for action acknowledged industry speculation that Spartan was

GRAND RAPIDS, Mich. -- In a letter sharply critical of Spartan Stores' board of directors and management, New York-based investor Loeb Partners aggressively resumed its campaign last week to convince the retailer-distributor here to consider selling all or parts of the company or slash capital expenditures and pay a dividend.

Loeb's call for action acknowledged industry speculation that Spartan was considering making an acquisition of Farmer Jack stores and/or had put itself up for sa

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