OTHER NEWS - Sept. 29, 1992
From Times Staff and Wire Reports
Thrifty Sale Completed: A group led by Leonard Green & Partners, a Los Angeles-based investment firm, has completed the acquisition of Thrifty Corp. and Big 5 Sporting Goods in two separate transactions. The investment group had reached a definitive agreement in May to purchase Thrifty from Pacific Enterprises, the Los Angeles-based holding company that owns Southern California Gas Co. Pacific Enterprises received $50 million in cash and about $225 million in tax benefits for Thrifty, which includes 602 Thrifty Drug stores. A separate investment group controlled by Leonard Green & Partners purchased Big 5, a 140-store chain, from Thrifty Corp. for $150 million.
