Announced
Financials
Tags
United States
grocery chain
Single Bidder
Domestic
Merger
Food Products
Private
Majority
grocery
Friendly
Acquisition
Pending
Synopsis
Price Chopper, a grocery store chain, agreed to merge with Tops Markets, a storied independent grocery chain. Financial terms were not disclosed. "This merger marks a major step forward and collectively elevates our ability to compete on every level. It leverages increased value for our customers; advances shared opportunities for innovation; fortifies the depth of our workforce, community and trade partnerships; and ultimately accelerates our capacity to deliver a distinctively modern and convenient shopping experience," Scott Grimmett, Price Chopper President and CEO.
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