LOS ANGELES -- Smart & Final here said yesterday that it has agreed to be acquired by an affiliate of private-equity firm Apollo Management for about $812.9 million, including debt. Purchase, N.Y.-based Apollo said it would pay $22 per share for the chain, including the 55% of Smart & Final that is owned by French retail concern Groupe Casino. Smart & Final, which operates a hybrid warehouse club/supermarket format, had said last year it was exploring strategic alternatives. ...
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.