Sale of Smart & Final
to Apollo Mgt LP is final
Jun 1, 2007 10:14 AM
Smart & Final Inc has announced the completion of its merger with an affiliate of Apollo Management LP.
An affiliate of Apollo entered into a merger agreement Feb 20, 2007, with Smart & Final to acquire the company for a transaction value of about $812.9 million. Under terms of the merger agreement, Smart & Final shareholders are entitled to receive $22 in cash, without interest, for each share of Smart & Final’s common stock.
As a result of this transaction, Smart & Final’s common stock ceased trading on the New York Stock Exchange at market close May 31 and is now delisted.
Founded in 1871 in Los Angeles CA, Smart & Final operates 255 non-membership warehouse stores for food and foodservice supplies in California, Oregon, Washington, Arizona, Nevada, Idaho, and northern Mexico.
