Arden Buys Back $6.7M in Shares

Arden Group, parent of Gelson's Markets, said it has purchased 90,098 shares of its Class A common stock in an unsolicited private transaction, for an aggregate purchase price of approximately $6.7 million.

LOS ANGELES — Arden Group here, parent of Gelson's Markets, said Wednesday it has purchased 90,098 shares of its Class A common stock in an unsolicited private transaction, for an aggregate purchase price of approximately $6.7 million.

The remaining number of shares for purchase, as previously authorized by the chain's board of directors, is 132,806.

Register to view the full article