Unified, AG Seattle Combination in Works

Unified Western Grocers here said Monday it has signed a letter of understanding with Associated Grocers, Seattle, to purchase certain assets and assume certain liabilities of the Seattle-based cooperative.

LOS ANGELES — Unified Western Grocers here said Monday it has signed a letter of understanding with Associated Grocers, Seattle, to purchase certain assets and assume certain liabilities of the Seattle-based cooperative. The transaction is subject to completion of due diligence, execution of a definitive purchase agreement and approval by the boards of both companies, AG shareholders and federal and state regulatory agencies, but the companies said they expect to close on the transaction

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