A management-led buyout of Los Angeles-based Postal...

A management-led buyout of Los Angeles-based Postal Instant Press, the nation’s largest franchiser of quick-printing stores, is taking longer than expected. Delays in financing the deal and in settling a shareholder lawsuit mean that the $73-million buyout will not go ahead this month as planned, the company said. A special meeting of stockholders will be held in late July or early August to vote on the buyout, and a closing will be scheduled for after the meeting, PIP said.