SpartanNash to Be Acquired by C&S Wholesale Grocers in $1.77B Deal

SpartanNash agreed to be acquired by C&S Wholesale Grocers in a deal valued around $1.77 billion, including debt.

C&S Wholesale will pay $26.90 a share in cash to acquire the food solutions company. The purchase price represents a nearly 53% premium over SpartanNash's closing price on Friday of $17.64, and a premium of 42% to its 30-day volume-weighted average stock price as of Friday, according to the companies.

The transaction has been unanimously approved by the boards of directors for...

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