Safeway, Bass Boost Vons Shares: Safeway Stores...
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From Times Staff and Wire Reports
Safeway, Bass Boost Vons Shares: Safeway Stores and an investment group controlled by Texas billionaire Robert M. Bass have increased their holdings of Vons shares. Mary M. McAboy, director of investor relations at the El Monte-based supermarket chain, said Safeway, which is controlled by Kohlberg Kravis Roberts & Co., increased its holdings to 35% from 32% of Vons common stock outstanding. She said Acadia Partners, which is controlled by Bass, boosted its share to 12.6% from 8.6%.
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