OTHER NEWS - April 5, 1995
<i> Times Staff and Wire Reports</i>
Citadel, Dillon to Settle: Citadel Holding Corp. and shareholder Craig Corp. entered into agreements that would end litigation between the companies and Roderick Dillon and Dillon Investors. Columbus, Ohio-based Dillon, which offered to buy Citadel for $4 a share in January, sued Los Angeles-based Citadel over its issuance of stock to Craig. Citadel then sued Dillon, challenging the accuracy of disclosures it made in filings with the Securities and Exchange Commission. Citadel said the companies agreed that the Dillon group would buy about 1.3 million shares of Class B common stock of Fidelity Federal Bank, a former unit of Citadel, and Citadel would receive from the Dillon entities 666,000 Citadel shares and $2.22 million in cash.
