M&S SELLS KINGS FOR $61.5 MILLION

PARSIPPANY, N.J. - Kings Super Markets is finally off the selling block.After several years of on-again, off-again deals, a group of private investors has agreed to buy the 26-store chain, based here, from its London-based parent, Marks & Spencer, for $61.5 million in cash.That figure is considerably less than what previous bidders - including New York-based Red Apple Group and Larchmont, N.Y.-based

PARSIPPANY, N.J. - Kings Super Markets is finally off the selling block.

After several years of on-again, off-again deals, a group of private investors has agreed to buy the 26-store chain, based here, from its London-based parent, Marks & Spencer, for $61.5 million in cash.

That figure is considerably less than what previous bidders - including New York-based Red Apple Group and Larchmont, N.Y.-based D'Agostino's - were willing to pay just a few years ago. Bidding in

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