SPARTAN INVESTOR FACES CHALLENGES

NEW YORK -- Loeb Partners Corp. here may have to either dig deeper into its pockets or be willing to wait a year or more if it wants to effect any major changes at Spartan Stores.The investment group, which has accumulated a 7% stake in Spartan to become its largest shareholder, is seeking to force the Grand Rapids, Mich.-based wholesaler to put itself up for sale. It is also trying to nominate two

NEW YORK -- Loeb Partners Corp. here may have to either dig deeper into its pockets or be willing to wait a year or more if it wants to effect any major changes at Spartan Stores.

The investment group, which has accumulated a 7% stake in Spartan to become its largest shareholder, is seeking to force the Grand Rapids, Mich.-based wholesaler to put itself up for sale. It is also trying to nominate two directors to Spartan's board at the company's annual meeting, which is expected to tak

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