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SpartanNash Soars 48.3% on C&S Wholesale Acquisition
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jun 23, 2025 8:37 am ET1min read
On June 23, 2025, SpartanNash's stock surged by 48.3% in pre-market trading, marking a significant rise in its share price.
SpartanNash's stock price has seen a notable increase due to the acquisition announcement by C&S Wholesale Grocers. The deal, valued at $1.77 billion including assumed net debt, offers $26.90 per share in cash. This acquisition represents a 52.5% premium over SpartanNash's closing price on June 20, 2025, and is expected to close in late 2025.
The acquisition by C&S Wholesale Grocers is a strategic move that aims to expand their market presence and enhance their distribution capabilities. This deal is anticipated to bring synergies and operational efficiencies, benefiting both companies in the long run.
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