Skip navigation

Sale of Smart & Final to Apollo is final

Smart & Final Inc has announced the completion of its merger with an affiliate of Apollo Management LP.

An affiliate of Apollo entered into a merger agreement Feb 20, 2007, with Smart & Final to acquire the company for a transaction value of about $812.9 million. Under terms of the merger agreement, Smart & Final shareholders are entitled to receive $22 in cash, without interest, for each share of Smart & Final’s common stock.

As a result of this transaction, Smart & Final’s common stock ceased trading on the New York Stock Exchange at market close May 31 and is now delisted.

Founded in 1871 in Los Angeles CA, Smart & Final operates 255 non-membership warehouse stores for food and foodservice supplies in California, Oregon, Washington, Arizona, Nevada, Idaho, and northern Mexico.

TAGS: Archive
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.