Arden Group Inc. announces agreement to purchase shares of its Class A Common Stock.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Nov. 16, 1995--Arden Group Inc. (NASDAQ/NMS:ARDNA) Thursday Thursday: see week. announced that it has agreed to purchase 177,229 shares of its Class A Common Stock from two of its institutional holders for $62.50 per share, or an aggregate of approximately $11 million to be paid from working capital. The company anticipates these transactions will be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. prior to the end of the month. The number of shares represents 18.3 percent of outstanding Class A Common shares and 13.5 percent of total outstanding Common shares. After these purchases, the company will have outstanding 793,637 shares of Class A Common Stock and 343,246 shares of Class B Common Stock. Arden Group operates 11 Gelson's and Mayfair supermarkets in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . CONTACT: Arden Group Inc., Compton, Calif. Ernest T. Klinger, 310/638-2842 |
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