SpartanNash Finalizes Merger Agreement, Shareholders to Receive $26.90 Per Share in Cash
SpartanNash Company has announced the completion of its merger agreement, under which each share of SpartanNash common stock was converted into the right to receive $26.90 in cash. The transaction involved the conversion of outstanding SpartanNash equity-based awards into cash-based awards or the Merger Consideration, with specific adjustments based on performance levels as determined by SpartanNash's Board Compensation Committee. The merger terms require continued service with C&S and its affiliates for the vesting of certain awards. SpartanNash confirmed that the transaction was executed as outlined in the Merger Agreement.
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