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Dive Brief:
C&S Wholesale Grocers has agreed to acquire SpartanNash in a $1.77 billion deal set to close in late 2025, the companies announced Monday.
C&S is set to pay $26.90 for each share of SpartanNash’s common stock, representing a 52.5% premium over SpartanNash’s closing price on Friday. The deal has been unanimously approved by both companies’ boards.
The combined company will run almost 60 distribution centers, serve about 10,000 independent retail locations and own more than 200 grocery stores.