CHANDLER, Ariz. -- Albertsons LLC has offered to acquire the Bashas' chain out of bankruptcy for about $290 million, according to local reports Wednesday. Bashas', based here, has rejected the offer, which had been discussed for some time but was formalized in a letter from Robert Miller, chief executive officer of Boise, Idaho-based Abertsons LLC, earlier this month. "Both the creditors' committee and Bashas' found the terms in the letter to be insufficient as compared to the 100% ...
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