Arden Group Inc. announces completion of self-tender.LOS ANGELES--(BUSINESS WIRE)--Aug. 15, 1997--Arden Group Inc. (Nasdaq/NMS:ARDNA) Friday announced that its self-tender for up to 250,000 shares of its Class A common stock for cash at the rate of $65 per share was completed at midnight local time in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on Aug. 13, 1997. Based upon a preliminary count, approximately 212,600 shares were properly tendered in connection with the tender offer, of which approximately 143,000 shares were tendered by City National Bank, as trustee under the company's stock bonus plan as directed by the plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . Arden Group operates 12 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., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Ernest T. Klinger, 310/638-2842 |
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