Activist investor Michael F. Price, who put Chase Manhattan Corp. on the defensive with his demands that the bank sell itself or take other steps to boost the value of its stock, is pressing a similar case as a shareholder in a California thrift.

Mr. Price made his demands to the $3.2 billion-asset Bay View Capital Corp., San Mateo, Calif., at its annual shareholder meeting last week, according to people who attended the event.

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