BIRMINGHAM, Ala. -- The acquisition of Bruno's here by a unit of Kohlberg Kravis Roberts & Co., New York, was temporarily delayed because of questions that arose during KKR's due diligence review of the chain. Neither company was willing to discuss what issues had caused KKR to extend the review period, and it was unclear late last week whether the extension signaled a short-term delay in the acquisition process or a total collapse of the deal. KKR agreed last month to acquire Bruno's ...
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