Tuesday, October 06, 2009
Report: Ukrop's acquisition talks end
The Storefront blog
blogs.roanoke.com/storefront
The industry publication stated Monday on its Web site that talks crumbled between Ukrop's and a private equity group because of troubles obtaining financing and other contractual issues.
Ukrop's will continue shopping for a potential buyer, and it is talking with previous bidders, according to Supermarket News.
Officials at Ukrop's have not confirmed that the company and its 28-store chain is for sale since news broke in July that it was seeking buyers.
Ukrop's will close its Roanoke store on Oct. 24 after a little more than two years.




