Proxy fight looms in struggle for control of Pic 'N' Save chain.

Los Angeles Business Journal | May 14, 1990| | Copyright

Proxy fight looms in struggle for control of Pic'N'Save chain

David H. Batchelder and Lewis B. Merrifield squared off last week in the struggle for control of discount retailer Pic'N'Save.

Batchelder is the corporate raider best known as a former strategist for T. Boone Pickens. In what is his first solo effort at taking over a company, he vowed a proxy fight against Merrifield, the chairman and chief executive officer of Pic'N'Save, who responded with announcements designed to win the loyalty of shareholders.

Batchelder last week took his strongest ...

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