Spartan Strikes $1.3B Deal To Merge With Grocer Nash Finch

Law360, New York (July 22, 2013, 12:34 PM EDT) -- Spartan Stores Inc. has inked a $1.3 billion deal to combine with Nash Finch Co., a merger that the companies said on Monday creates a top grocery retailer and holds on to Finch's title as the largest distributor to military commissaries and exchanges in the U.S.

The proposed new business amps up scale and geographic reach for the companies, netting 22 distribution centers covering 37 states and 177 retail stores, Spartan said Monday. Under the deal, Nash shareholders will receive 1.20 shares of Spartan common stock...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.