Lucky Stores’ board met but made no statement.
- Share via
Further details of the Dublin, Calif., retailer’s restructuring had been expected to emerge from the regularly scheduled meeting, which lasted until evening, but a company official said no announcement would be issued until this morning. It is anticipated that the company, which is attempting to fend off a takeover threat by investor Asher B. Edelman, will reveal plans to dispose of its specialty stores. In trading Thursday on the New York Stock Exchange, Lucky shares closed at $34, up 50 cents.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.