SLOAN'S TO BUY 35 RED APPLE UNITS

NEW YORK -- Sloan's Supermarkets here said it has signed an engagement letter with Barington Capital Group, a locally based investment banking firm, to raise up to $40 million to acquire about 35 area supermarkets from Red Apple Cos. here. Sloan's said two weeks ago it would acquire three stores from Red Apple, a holding company that owns supermarkets, real estate, a refinery and an airplane leasing

NEW YORK -- Sloan's Supermarkets here said it has signed an engagement letter with Barington Capital Group, a locally based investment banking firm, to raise up to $40 million to acquire about 35 area supermarkets from Red Apple Cos. here. Sloan's said two weeks ago it would acquire three stores from Red Apple, a holding company that owns supermarkets, real estate, a refinery and an airplane leasing company, in a separate transaction. Both Sloan's, a public company with 10 stores in Manhattan

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