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Vons Shares Up $1.125, Volume Keeps Rising

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Vons Cos. shares kept climbing Thursday, rising $1.12 1/2 to $20.87 1/2 on a volume of 674,000 shares, about 10 times the normal trading level. The stock has been gaining all week, up from Friday’s close of $17.25.

In the most recent issue of Barron’s, the weekly business paper, money manager Ronald McGlynn of the Cramer Rosenthal McGlynn investment firm in New York highlighted Vons as a growth company, saying he expects the stock to rise to $60 a share within two years.

Mary M. McAboy, director of investor relations at the El Monte-based supermarket company, declined Thursday to go beyond a previous statement that the company knew of no development in its business that has not been publicly announced that would account for the unusual trading.

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Analysts have generally ruled out the notion of a takeover, at least any time soon. Vons has standstill agreements with two prominent investors, the Robert M. Bass Group and Safeway Stores, which is controlled by Kohlberg Kravis Roberts & Co.

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