LOS ANGELES — Smart & Final Holdings Corp. here said last week Ares Management LLC has signed a definitive agreement to acquire a majority stake in the company from Apollo Global Management for an estimated price of $975 million. Apollo had acquired a 57% stake in Smart & Final in 2007. The deal, which is subject to certain closing considerations, is expected to close by the end of the year, a Smart & Final spokesman told SN. Members of senior management will ...
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