FAY'S INC. PLANS TO BUY BIG AL'S DISCOUNT STORES WORKERS REJECT UNION CHANGE U.S. RECESSION SHOULDN'T SPREAD BUYERS EYE PAN AM BARGAINS FORD TO RETAIN 75C. DIVIDEND SAATCHI & SAATCHI RECAPITALIZES VIDEO GAME SALES WEAKENED.(Business)

Byline: -Staff and wire reports

Fay's Inc. of Syracuse has agreed in principle to acquire Big Al's Deep Discount Stores in East Greenbush and Poughkeepsie. Neither Fay's nor the owner of Big Al's, Lloyd's Shopping Centers Inc. of Middletown, Orange County, would disclose the purchase price in the deal, which is expected to be officially completed by the end of the month.

Raymond S. Tandry, the president and chief executive officer of Lloyd's, said Thursday that he was selling the stores to concentrate on his Orange County supermarkets.

Spokesmen for Fay's did not return phone calls.

Tandry said that employment at the stores would not be …