Northeast Cooperatives membership OKs merger

The membership of Northeast Cooperatives voted at a special meeting Dec 15, 2002, in Brattleboro VT to approve the proposed plan of merger with United Natural Foods Inc. About 96% of the votes cast at the special meeting were in favor of the merger.

Northeast Cooperatives' board of directors and management had recommended the proposal to its members as in the best interests of the company's members and customers. Terms of the transaction were not disclosed.

The proposed merger, which was previously announced Oct 23, 2002, remains subject to customary closing conditions.

TAGS: Foodservice
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