Former Raley's CEO to Acquire Larry's Markets resident and chief operating executive officer of Raley's Supermarkets, Sacramento, Calif., has agreed to acquire most of the assets of Larry's Markets here for $5.5 million, Larry's said last week. Teel, a grandson of Raley's founder, partnered with Michael Ashker to form LM Acquisition Partners to make the purchase. The acquisition awaits confirmation by U.S. Bankruptcy Court and is expected to close by the end of the month. Larry's, which had ...
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