Richmond, Va. -- Richfood Holdings here said last week it has reached an agreement in principle to acquire substantially all the assets of Farm Fresh, Norfolk, Va. -- its third-largest customer -- for $220 million and other financial considerations. The transaction, which would involve 42 of 48 Farm Fresh stores, is expected to close in January following a prepackaged voluntary reorganization by Farm Fresh under Chapter 11 of the U.S. Bankruptcy Code, after which Farm Fresh would operate as ...
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