AG Shareholders OK Asset Sale to Unified: Report

Shareholders of Associated Grocers voted Friday to approve the sale of certain assets of the company to Unified Grocers, Los Angeles, industry sources told SN, with completion of the deal expected by the end of the month.

SEATTLE — Shareholders of Associated Grocers here voted Friday to approve the sale of certain assets of the company to Unified Grocers, Los Angeles, industry sources told SN, with completion of the deal expected by the end of the month. AG officials said vote totals would be released today. Unified members previously approved the deal, which would combine the two cooperatives to form a $4 billion company. The vast majority of AG’s nearly 700 employees have been offered positions at the new company, a Unified spokesman told SN, while a handful of others have been offered transitional employment for six- to eight-month projects. The vote by AG’s 129 Class A shareholders required a two-thirds approval. Besides voting on whether to sell certain assets to Unified, they also voted to dissolve the company’s other assets.

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