Jona Goldrich sold his Western Federal stock.
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The Los Angeles-area real estate developer revealed that he sold his 9.9% interest in the savings and loan for $7.66 million, or $21.60 a share, in two private transactions. The sale brings to an end 18 months of conflict between Goldrich, a dissident shareholder, and the Marina del Rey-based financial institution. Goldrich tried unsuccessfully to get a seat on Western Federal’s board in late 1984 and had been threatening to try again.
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