C&S Wholesale Grocers to Acquire SpartanNash for $26.90 per Share in Cash

Core Viewpoint - The merger between C&S Wholesale Grocers and SpartanNash aims to enhance efficiency in serving customers and communities across the U.S., while making groceries more affordable for millions of Americans [1][2]. Transaction Details - C&S will acquire SpartanNash for $26.90 per share, totaling $1.77 billion, which includes assumed net debt. This represents a 52.5% premium over SpartanNash's closing price on June 20, 2025, and a 42.0% premium to its 30-day volume-weighted average stock price as of the same date [1][8]. - The transaction is expected to close in late 2025, pending shareholder and regulatory approvals [8]. Strategic Rationale - The combined company will operate nearly 60 distribution centers across the U.S. and serve close to 10,000 independent retail locations, along with over 200 corporate-run grocery stores [6]. - The merger is anticipated to create greater efficiency and scale, leading to lower prices for grocery shoppers, as the combined capabilities will enhance the supply chain and purchasing power [6]. - The merger aims to preserve accessible and affordable nutrition and pharmacy services in local communities, addressing issues such as pharmacy deserts and food deserts affecting a significant portion of the U.S. population [6][7]. Company Profiles - C&S Wholesale Grocers is a leader in supply chain solutions and wholesale grocery supply, servicing over 7,500 independent supermarkets and chain stores with more than 100,000 products [10]. - SpartanNash operates in food wholesale and grocery retail, serving a diverse customer base, including independent grocers and military commissaries, with nearly 200 grocery stores and pharmacies [11].