(LOS ANGELES) — Unified Western Grocers, Inc. (Unified) announced today it has signed a letter of understanding to purchase certain assets and assume certain liabilities of Associated Grocers, Inc. (AG), Seattle, Wash. Terms of the potential transaction were not disclosed.
The transaction is subject to completion of due diligence, the execution of a definitive purchase agreement, approval by Board of Directors of AG and Unified, AG shareholders, as well as federal and state regulatory agencies. No closing date has been established; however the parties are expecting to complete the transaction late this summer.
