SALT LAKE CITY -- American Stores Co. here has signed a definitive agreement to sell its 33-store Star Market Co. operation to an investment group organized by Investcorp for $285 million cash and the assumption of debt. Investcorp, an international investment bank with offices in New York, London and Bahrain, has a number of U.S. holdings, including Saks Fifth Avenue, New York, and the convenience-store operator Circle K Corp., Phoenix. Investcorp's clients include overseas investors, with ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Salary Survey 2015

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.