m_and_a
confidence high
sentiment positive
materiality 0.90
C&S Wholesale Grocers to acquire SpartanNash for $26.90/share in $1.77B deal
SpartanNash Co
- Purchase price of $26.90 per share in cash, a 52.5% premium over June 20 close of $17.64.
- Total consideration of $1.77 billion, including assumed net debt; deal unanimously approved by both boards.
- Expected to close in late 2025, subject to SpartanNash shareholder and regulatory approvals.
- Wells Fargo provided debt financing commitment; Solomon Partners advised C&S, BofA advised SpartanNash.
- SpartanNash will continue its $0.22 per share quarterly dividend payable June 30, 2025.
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