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The Nash Finch Company was a Fortune 500 company based in Edina, Minnesota, United States. The company was involved in food distribution to private companies, primarily independent supermarkets, and military commissaries; and the operation of retail stores. Spartan Stores announced its acquisition of Nash Finch in a $1.3 billion stock-swap in 2013.
SpartanNash (formerly Spartan Stores, Nash Finch) is an American food distributor and grocery store retailer headquartered in Byron Center, Michigan. The company's core businesses include distributing food to independent grocers, military commissaries, and corporate-owned retail stores in 44 states, Europe, Latin America, and the Middle East.
Spartan Stores and Nash Finch to Combine to Create One of the Leading Grocery Wholesale and Retail Operators in the U.S. Brings Together Two Highly Complementary Organizations with Industry ...
Under the terms of the all stock-for-stock merger agreement, Nash Finch shareholders will receive a fixed ration of only 1.20 shares of Spartan Stores stock for each share of Nash Finch stock owned.
At the time, the merger was the largest in the oil industry and the largest acquisition of an American corporation by a foreign one, and BP Amoco would become, at the time, the third largest oil company in the world, trailing only Exxon and Royal Dutch Shell. In 2001, however, BP Amoco reverted its name to BP, now currently in use today.
Margins matter. The more Nash Finch (NAS: NAFC) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
Nash Finch merged with Spartan Stores to become SpartanNash and the headquarters was moved to Grand Rapids, Michigan. References This page was last edited on 19 ...
Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Nash-Finch Company Over the Proposed Sale of the Company to Spartan Stores, Inc. Faruqi & Faruqi, LLP, a leading ...