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Tuesday, April 11, 2017

=Supervalu (SVU) acquires Unified Grocers for $375 million

Supervalu Inc. announced Monday that it bought Unified Grocers Inc., a West Coast wholesale grocery distributor that supplies independent retailers in Oregon, Washington, and Northern California, for $375 million.

The deal, which will likely close in mid-to-late summer, involves $114 million in cash plus Supervalu's assumption of Unified Grocers' net debt of $261 million as of April 1.

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