Mergers and acquisitions

Retailers

Leevers Acquires 17 Save A Lot Stores Around Philadelphia

The family-owned Colorado independent crosses the country to double its size and further diversify as Save A Lot's wholesale transition quietly continues.

Technology

SoftBank to Buy 40% Stake in AutoStore

The $2.8 billion investment, which comes as U.S. grocery retailers embrace microfulfillment centers, values the automated warehouse company at $7.7 billion.

Empire Co. Ltd., the holding company for Canada’s second-largest national grocery chain Sobeys, has reached an agreement to acquire 51% of Longo Brothers Fruit Markets Inc. and its Grocery Gateway e-commerce business.

After five years in private hands and with an operating turnaround bearing fruit, the specialty fresh merchant has begun to seek a return to a public listing.

Basket Economics: A comprehensive reset, an unpredictable environment and, for the time being, an attractive stock price raise speculation around a Sprouts acquisition.

Gelson’s Markets of Encino, Calif., has entered into a definitive agreement with Pan Pacific International Holdings that will allow the global retailer to acquire Gelson’s from TPG Capital.

A Rensselaer County executive says the Price Chopper-Tops merger provides an opening for a new grocer in New York's Capital Region, but Wegmans isn’t taking it at this time.

Basket Economics: Business realities smooth over differences as long-standing New York regional independents prepare to join forces.

The deal unites regional neighbors long in search of additional scale; Price Chopper's Scott Grimmett to oversee combined headquarters in Schenectady, N.Y.

A former Bi-Lo in Cayce, S.C., and a Harveys in Tifton, Ga., are the first of as many as 62 new Food Lion stores coming to the Carolinas and Georgia as a result of last year's acquisition.

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