SUBSEQUENT EVENT

9 Months Ended

Nov. 07, 2015

SUBSEQUENT EVENT

SUBSEQUENT EVENT

13. SUBSEQUENT  EVENT

On November 11, 2015, the Company announced it entered into a merger agreement with Roundy’s, Inc. (“Roundy’s”) under which the Company will purchase all outstanding shares of Roundy’s for $3.60 per share in cash pursuant to a tender offer and assume Roundy’s outstanding debt, for a purchase price of approximately $800 million.  The Company expects to finance the transaction with borrowings under existing credit facilities and commercial paper.  The transaction is expected to close during the fourth quarter of 2015, subject to successful completion of the tender offer and satisfaction of certain customary closing conditions, including regulatory approval.