NEW YORK -- Gristede's Foods here will become a private company, effective around June 30, John Catsimatidis, chairman and chief executive officer, said last week. Catsimatidis, who owns more than 90% of the Gristede's stock personally or through Red Apple Group here, of which he is the sole owner, said he intends to acquire publicly held shares of Gristede's for a price of 87 cents per common share. Consummation of the merger will be subject to a definitive agreement, along with regulatory ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.