Albertsons makes bid to buy back six of seven Oregon outlets for sale.
BY JACOB PALMER | DIGITAL NEWS EDITOR
Haggen is speeding through the bankruptcy process by securing buyers for 91 of its stores.
In Oregon, Albertsons made bids to buy back four of five Oregon outlets for sale. The transactions are awaiting federal court approval.
The U.S. Bankruptcy Court on Friday approved the sale of 36 Haggen stores to two California grocers, and Haggen is awaiting court approval for bids on 55 additional stores it says were sold for “more than $47 million.”
Albertsons is buying 33 stores in Oregon, Washington, California, Nevada and Arizona. The stores include some it owned less than a year ago; the Federal Trade Commission required it to sell 168 as a condition of its merger with Safeway.
Two southern California grocery chains are the other big buyers, collectively buying dozens of California stores.
(SOURCE: OregonLive.com)
In total, Albertsons had 32 of its bids accepted.
In Oregon, Haggen accepted Albertson’s bids on stores in Ashland, Baker City, Eugene and Springfield. The chain also accepted a bid from Tawa for the Beaverton Haggen store on Southwest Hall.
The court did approve two sales as part of Haggen’s auction. Burbank, California-based Gelson’s Markets agreed to buy eight California stores for $36 million. Commerce, California-based Smart & Final purchased certain assets of more than 28 stores in its home state.
(SOURCE: Portland Business Journal)
RELATED NEWS: Albertsons makes bid on former stores; Seven more Haggen stores in Oregon to close; Union officials bemoan effect of Haggen’s bankruptcy on workers
