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Deals

  • A&P Said Mulling Bids for Farmer Jack Stores

    MONTVALE, N.J. -- The Great & Atlantic and Pacific Tea Co., Inc. here is said to be quietly looking at potential bidders to take the 66 remaining Farmer Jack grocery stores in southeast Michigan off its hands, according to a local press report.

  • A&P Sells Some Metro Shares to Fund Pathmark Buy

    MONTVALE, N.J. -- The Great Atlantic & Pacific Tea Company, Inc. (A&P) said yesterday that in connection with its recently agreement to acquire Carteret, N.J.-based former rival Pathmark Stores, Inc., it has sold 6,350,000 shares of its holdings in Montreal-based supermarket operator Metro, Inc. for about $203.5 million.

  • Dollar General Board Agrees to $6.9 Billion Offer From Private Equity Firm

    GOODLETTSVILLE, Tenn. -- National discount retailer Dollar General Corp. said yesterday its board has agreed to a buyout offer of about $6.9 billion from the private equity firm Kohlberg Kravis Roberts & Co. The deal will take the 8,260-store operator private.

  • Milwaukee Could Revoke Loan If Roundy's Closes, Relocates HQ

    MILWAUKEE -- Following recent reports that the owners of Roundy's Supermarkets, Inc. here is seeking a possible buyer, the Milwaukee Economic Development Corp. could call in the balance of a $3 million loan package if Roundy's closes or moves its headquarters, according to local reports.

  • Supervalu Inks Lease for New Marketing/Merchandising Complex

    MINNEAPOLIS -- Supervalu Inc. here has reportedly signed a five-year lease for 345,000 square feet of space, to include a full test kitchen for product and recipe development, in the former Best Buy headquarters building in nearby Eden Prairie.

  • Carrefour Names Largest Stakeholder Chairman

    LEVALLOIS, France - European retailer Carrefour's Supervisory Board yesterday nominated Robert Halley as chairman to replace Luc Vandevelde, who resigned, while French billionaire Bernard Arnault and Colony Capital bought 9.8 percent of the retailer, raising speculation that it is a takeover target.

  • Premium Standard Farms Shareholders Approve Smithfield Buyout

    KANSAS CITY, Mo. - Shareholders of pork producer Premium Standard Farms Inc. here approved Smithfield Foods Inc.'s acquisition of the company for $671 million in stock and cash.

  • Sentry Foods Operator to Convert 2 Acquired Jewel Units

    WAUKESHA, Wis. - BKT Enterprises, a grocer with three Sentry Foods stores, said it has has purchased two Jewel-Osco locations here and will reopen them as Sentry locations this spring.
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