Sometimes, businesses will reach deals regarding the sale of business operations. Such deals can involve a large amount of assets and can give rise to a variety of complicated issues.
Recently, nj.com reported on a sale of business operations. The sale involves the large grocery store company, Supervalu.
Supervalu owns several grocery store chains. According to the above-mentioned nj.com article, Supervalu is selling some of the chains it owns to an investor group. Reportedly, altogether, the chains Supervalu is selling consist of over 800 stores. It has been reported that, in exchange for the chains, Supervalu will receive a payment of $100 million and $3.2 billion of debt it holds in relation to the chains will be assumed.
Supervalu announced this sale last week. The sale reportedly is expected to be finalized in March.
According to the nj.com article, one of the chains Supervalu is selling to the investor group is Acme Markets. Acme Markets has numerous grocery stores in New Jersey. Reportedly, it is not yet known what effects the sale will have on Acme's New Jersey stores.
As this matter illustrates, sometimes, a company will decide to sell some of its business operations to another company. Many important issues can come up in connection to such transactions. How such issues are ultimately resolved can be very impactful on all of the parties involved. Thus, if a business is participating in a sale of business operations transaction, it may wish to consider seeking advice from a business law attorney.
Source: nj.com, "Acme supermarkets sold, impact still unclear in South Jersey," Michael Williams, Jan. 11, 2013