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Sun Savings detailed its capital infusion plan.

As expected, the troubled San Diego-based thrift reported that a 1.1-million-share stock offering and the purchase of 247,000 shares by developer Victor Fargo will boost Sun’s $6-million net worth to about $13.4 million. As a condition of the capital infusion, Sun will move its corporate headquarters into a La Jolla office building developed by Fargo. Dissident shareholder Robert Blake, an Orange County developer, has vowed to block the sale to Fargo because Fargo is a friend of ousted Sun Chairman Daniel W. Dierdorff and is the brother-in-law of Sun director Ted Van Leeuwen.


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