Ukrop’s deal falls apart
The private equity group set up to take over Ukrop’s dropped out of the bidding conversation last week.
According to an anonymous source speaking to Supermarket News, “contractual issues and inability to get financing” were the main reasons why the deal broke down.
Ukrop’s (who has never acknowledged or commented on a potential sale) has resumed shopping itself to other bidders, including those who expressed interest early on.
More on this as it becomes available.
-
Recommend this
on Facebook -
Report an error
-
Subscribe to our
Weekly Digest
Report an error or correction for this article using the form below. Thank you!
Valerie Catrow
Valerie Catrow is the former editor of RVANews who now spends her days raising her son, reading young adult fiction, and watching really bad television.
No comments yet on Ukrop’s deal falls apart