Pic ‘N’ Save Seeks Settlement: The close-out...

Pic ‘N’ Save Seeks Settlement: The close-out retailer and Girard Partners disclosed that they are trying to negotiate a settlement to a takeover fight that Girard launched in April. Girard, headed by La Jolla financier David H. Batchelder, has said it wants to gain a majority on the Dominguez firm’s board so it can arrange a stock buyback or an extraordinary dividend for shareholders. Girard said last week that it would resume soliciting proxies for Pic ‘N’ Save’s annual meeting Aug. 29, but both sides said they would not lobby shareholders while talks continue.