secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001771515-24-000007
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet to acquire United Grocery Outlet for $62M; expands into Southeast
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- Cash purchase price ~$62M for 40 discount grocery stores across TN, NC, GA, AL, KY, VA.
- Acquisition expected to close early Q2 2024, subject to customary conditions.
- Deal expected to be modestly accretive to 2024 earnings; to be discussed on Q4 2023 call Feb 27.
- Company plans 55-60 net new stores in 2024, including UGO and 15-20 in existing markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000177151524000007/0001771515-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000177151524000007/go-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001771515-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer