Craig Corp. Stock Plan OKd: Shareholders of...
From Times Staff and Wire Reports
Craig Corp. Stock Plan OKd: Shareholders of Los Angeles-based Craig Corp., which owns 50% of the Stater Bros. grocery chain in Southern California, have approved a proposal to issue two new classes of stock. A company spokesman said the intent is to raise capital to pay off debt and make further acquisitions, including increasing its stake to 34% from 20% in Reading Co., a real estate firm.
