CERTIFIED GROCERS TO ACQUIRE FRESH BRANDS

SHEBOYGAN, Wis. -- Pressured by a lack of economic clout, Fresh Brands here said last week it has signed a definitive agreement to be acquired for $100 million by an affiliate of Certified Grocers Midwest, the Hodgkins, Ill.-based member-owned cooperative.The price includes $34.8 million in cash to shareholders, plus assumption of debt and other liabilities, primarily capital leases.The merger would

SHEBOYGAN, Wis. -- Pressured by a lack of economic clout, Fresh Brands here said last week it has signed a definitive agreement to be acquired for $100 million by an affiliate of Certified Grocers Midwest, the Hodgkins, Ill.-based member-owned cooperative.

The price includes $34.8 million in cash to shareholders, plus assumption of debt and other liabilities, primarily capital leases.

The merger would leave Certified with total sales of nearly $1.3 billion -- approximately $67

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