RALPHS, FOOD 4 LESS BONDING NEARER

LA HABRA, Calif. -- Food 4 Less Supermarkets here said last week it is oversubscribed on two bond issues totaling $450 million it will offer for sale next week.The consummation of the bond offering will be the final step in the $1.5 billion merger between Food 4 Less and Ralphs Grocery Co., Compton, Calif., which is scheduled to be finalized June 14.The merger will create a company -- to be called

LA HABRA, Calif. -- Food 4 Less Supermarkets here said last week it is oversubscribed on two bond issues totaling $450 million it will offer for sale next week.

The consummation of the bond offering will be the final step in the $1.5 billion merger between Food 4 Less and Ralphs Grocery Co., Compton, Calif., which is scheduled to be finalized June 14.

The merger will create a company -- to be called Ralphs -- that will operate about 332 supermarkets in southern California, inc

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