A PYMNTS Company

US: Grocers cash-in on $1.3B merger

By  |  July 22, 2013
US: Grocers cash-in on $1.3B merger

Minnesota-based grocery chain Nash Finch will merge with Spartan Stores in a deal valued at $1.3 billion, say reports. The all-stock deal will result in operations throughout 37 states and comprise of 177 stores; reports say the transaction will create the nation’s largest distributor to military commissaries and exchanges. Each party’s board of directors has unanimously cleared the deal, though remains subject to regulatory approval as well as the clearance of shareholders.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: MLive

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.