NEWS WATCH: FORMER RALEY'S CEO TO ACQUIRE LARRY'S MARKETS...SUPERVALU TO GET LUCKY IN LAS VEGAS...SOUTHERN FAMILY MARKETS SHUTTERS 13 STORES

Former Raley's CEO to Acquire Larry's Marketsresident and chief operating executive officer of Raley's Supermarkets, Sacramento, Calif., has agreed to acquire most of the assets of Larry's Markets here for $5.5 million, Larry's said last week. Teel, a grandson of Raley's founder, partnered with Michael Ashker to form LM Acquisition Partners to make the purchase. The acquisition awaits confirmation

Former Raley's CEO to Acquire Larry's Markets

resident and chief operating executive officer of Raley's Supermarkets, Sacramento, Calif., has agreed to acquire most of the assets of Larry's Markets here for $5.5 million, Larry's said last week. Teel, a grandson of Raley's founder, partnered with Michael Ashker to form LM Acquisition Partners to make the purchase. The acquisition awaits confirmation by U.S. Bankruptcy Court and is expected to close by the end of the month. Larry's

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