- change ups
Purchase Price Is Lowered
Spartan also paid $12.8 million for inventory, totaling $50.84 million. The sale included 20 grocery stores, two fuel stores and three convenience stores. This spring, Spartan sold $110 million worth of unsecured convertible senior notes, which netted the company $106.5 million, part of which was expected to pay for the Felpausch purchase.