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NEW YORK -- Two Los Angeles area investors have purchased 6 percent of Kmart Corp.'s common stock.
Having made purchases as early as last October and as recently as last Friday, Ronald Burkle and Kenneth Abdalla have acquired more than 29 million shares of Kmart stock, according to a 13-D filing with the Securities and Exchange Commission. As individuals and through affiliated firms including Burkle's Yucaipa Cos. and Abdalla's American Cos., since mid-November the two have acquired about 12.8 million Kmart shares at prices ranging from $4.97 to $6.54 a share....