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% ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.