C&S Wholesale Grocers to acquire SpartanNash
C&S Wholesale Grocers to acquire SpartanNash
C&S Wholesale Grocers LLC and SpartanNash Co. have entered into a definitive merger agreement in which C&S will acquire SpartanNash for a purchase price of $26.90 per share of SpartanNash common stock in cash, representing total consideration of $1.77 billion, including assumed net debt. The transaction price represents a 52.5 percent premium over SpartanNash’s closing price on June 20, of $17.64, and a premium of 42 percent to its 30-day volume-weighted average stock price as of June 20. The transaction has been unanimously approved by the boards of directors of both companies. SpartanNash’s