NEWS WATCH: FRESH DIRECT RAISES $31 MILLION IN PLACEMENT...GIANT EAGLE, TEAMSTERS REACH AGREEMENT...MEIJER ELIMINATES 350 POSITIONS: REPORT

FRESH DIRECT RAISES $31 MILLION IN PLACEMENTrect here said last week it has raised $31 million through a private placement of its equity securities to a limited number of accredited investors. Funds sponsored by the American International Group here invested a combined $15 million, with the remainder made up by CIBC Capital Partners, Toronto; Canyon Partners, Beverly Hills, Calif.; Mercantile Capital

FRESH DIRECT RAISES $31 MILLION IN PLACEMENT

rect here said last week it has raised $31 million through a private placement of its equity securities to a limited number of accredited investors. Funds sponsored by the American International Group here invested a combined $15 million, with the remainder made up by CIBC Capital Partners, Toronto; Canyon Partners, Beverly Hills, Calif.; Mercantile Capital Partners here; and others. FreshDirect said it plans to use the capital for ope

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