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Nash Finch provides merger update with Spartan Stores

On July 22, the company announced that it had entered into a definitive merger agreement under which Nash Finch (NAFC) and Spartan Stores (SPTN) will combine in an all-stock merger valued at approximately $1.3B, including existing net debt at each company. A special meeting of shareholders is scheduled for November 18. Upon closing, each share of the company’s common stock will be converted into 1.2 shares of Spartan Stores common stock. Spartan Stores shareholders will own approximately 57.7% of the equity of the combined company and Nash Finch shareholders will own approximately 42.3% of the company’s common stock