SpartanNash Acquiring Fresh Encounter, A 49-Store Supermarket Chain Serving Ohio, Indiana And Kentucky; Terms Of The Deal Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
SpartanNash (NASDAQ:SPTN) is acquiring Fresh Encounter Inc., a 49-store supermarket chain in Ohio, Indiana, and Kentucky. The acquisition will retain FEI's 2,500 employees. Terms of the deal were not disclosed.
October 14, 2024 | 3:17 pm
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SpartanNash is acquiring Fresh Encounter, a 49-store supermarket chain, expanding its footprint in Ohio, Indiana, and Kentucky. The acquisition retains 2,500 employees, but financial terms are undisclosed.
The acquisition of Fresh Encounter by SpartanNash is likely to positively impact SPTN's stock price in the short term due to the expansion of its market presence in three states and the retention of 2,500 employees, which suggests operational stability. However, the lack of disclosed financial terms introduces some uncertainty.
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