C&S Wholesale Grocers to acquire SpartanNash for $26.90 per share in cash

C&S Wholesale Grocers and SpartanNash (SPTN) announced that they have entered into a definitive merger agreement pursuant to which C&S will acquire SpartanNash for a purchase price of $26.90 per share of SpartanNash common stock in cash, representing total consideration of $1.77 billion, including assumed net debt. The Transaction price represents a 52.5% premium over SpartanNash’s closing price on June 20, 2025, of $17.64, and a premium of 42.0% to its 30-day volume-weighted average stock price as of June 20, 2025. The Transaction has been unanimously approved by the Boards of Directors of both companies. The Transaction is expected to close in late 2025, subject to certain customary closing conditions, including, among other things, SpartanNash shareholder approval and applicable regulatory approvals. C&S has obtained financing commitment letters for the Transaction. Wells Fargo has provided a debt financing commitment for the transaction.