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Published on 3/29/2016 in the Prospect News Distressed Debt Daily.

Haggen Holdings wins court OK to sell core stores to Albertson’s

By Caroline Salls

Pittsburgh, March 29 – Haggen Holdings, LLC received court approval to sell its core stores to Albertson’s LLC, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, Albertson’s has agreed to pay a base amount equal to $106.17 million, plus a closing adjustment amount.

The 29 core stores being purchased are located in Oregon and Washington.

Haggen, a Bellingham, Wash.-based supermarket company, filed bankruptcy on Sept. 8, 2015. The Chapter 11 case number is 15-11874.


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