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SpartanNash Co ( (SPTN) ) has provided an update.
On June 22, 2025, SpartanNash Company entered into a merger agreement with New Mackinac HoldCo, Inc., and C&S Wholesale Grocers, LLC, where SpartanNash will become a wholly-owned subsidiary of New Mackinac HoldCo. The merger, unanimously approved by SpartanNash’s Board of Directors, will result in each share of SpartanNash’s common stock being converted into $26.90 in cash. The transaction is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approvals. Upon completion, SpartanNash’s common stock will be delisted from NASDAQ, and the merger is not subject to a financing condition. Termination fees are outlined in the agreement should the merger not proceed as planned.
The most recent analyst rating on (SPTN) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SpartanNash Co stock, see the SPTN Stock Forecast page.
Spark’s Take on SPTN Stock
According to Spark, TipRanks’ AI Analyst, SPTN is a Neutral.
SpartanNash Co’s stock score of 63 reflects stable financial performance with operational efficiency but challenges in revenue growth and negative free cash flow. The technical analysis indicates bearish trends, while valuation appears fair with a strong dividend yield. The mixed sentiment from the earnings call reflects both strategic growth initiatives and ongoing challenges.
To see Spark’s full report on SPTN stock, click here.
More about SpartanNash Co
Average Trading Volume: 323,017
Technical Sentiment Signal: Sell
Current Market Cap: $597.1M
For a thorough assessment of SPTN stock, go to TipRanks’ Stock Analysis page.