GRAND RAPIDS – The parent company of Family Fare has been sold.
According to a statement released by the Grand Rapids grocer, Spartan Nash was purchased by C & S wholesale grocers, parent corporation of Piggly Wiggly
C&S will acquire SpartanNash for $26.90 per share in cash. The transaction is valued at $1.77 billion, including assumed net debt, representing a 52.5% premium over SpartanNash’s June 20 closing price of $17.64 and a 42.0% premium over its 30-day volume-weighted average…