LOS ANGELES -- Unified Western Grocers here will pay approximately $65 million for the assets of Associated Grocers, Seattle, according to AG. The two companies announced plans to merge earlier this month, but did not disclose the price at that time. AG’s retail owners will have the option to become shareholders in Unified or to exit the cooperative and simply become customers of the distributor. Industry sources told SN the merger will proceed in three phases: Phase One involves due diligence and figuring out what the new company will look like going forward. That phase will conclude with the closing of the sale, probably late in the summer. Phase Two will involve the creation of a new organizational structure; and Phase Three will involve implementation of plans to form a single company.
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