Bashas' Rejects Buyout Offer From Albertsons LLC

Bashas' said last week it has rejected a buyout offer by Albertsons LLC, though the offer could become part of the court proceedings as Bashas' seeks to emerge from bankruptcy, industry observers told. The 129-store chain has been operating under Chapter 11 protection since July 12. Boise, Idaho-based Albertsons LLC which operates 43 stores in Arizona sent a letter to Bashas'

CHANDLER, Ariz. — Bashas' here said last week it has rejected a buyout offer by Albertsons LLC, though the offer could become part of the court proceedings as Bashas' seeks to emerge from bankruptcy, industry observers told.

The 129-store chain has been operating under Chapter 11 protection since July 12.

Boise, Idaho-based Albertsons LLC — which operates 43 stores in Arizona — sent a letter to Bashas' early last month offering to buy the stores, the distribution center

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