GRAND RAPIDS, MICHIGAN- April 3, 2008-Spartan Stores, Inc., (Nasdaq: SPTN) today announced that it has entered into an agreement to sell certain assets of 12 of its 14 Pharm retail stores to Rite Aid Corporation. The Company is in negotiations to sell certain assets of its remaining two Pharm stores in independent transactions. Completion of the sale is subject to customary due diligence by Rite Aid Corporation. Proceeds from the sale will be used to help fund the Company’s previously disclosed strategic growth objectives. Additional information on the transaction will be disclosed following closing of the sale which is expected to occur in 45 to 60 days.
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