Judge OKs $106M bid by Albertsons to take over 29 Haggen stores

  • Associated Press
  • Tuesday, March 29, 2016 8:29pm
  • Business

BELLINGHAM — A judge has approved a bid by Albertsons to take over the remaining Haggen grocery stores, bringing Haggen’s bankruptcy proceedings essentially to a close.

Albertsons will pay about $106 million for 29 stores in Washington and Oregon that were owned by the Bellingham-based company.

The Bellingham Herald reported that U.S. Bankruptcy Judge Kevin Gross signed an order approving the sale Tuesday. Albertsons spokesman Brian Dowling said in a written statement the company is pleased with the court approval. He said Albertsons expects to close on the deal in the next several weeks.

Haggen bought 146 stores in 2014 when Safeway and Albertsons merged but Haggen failed to convert the stores successfully.

Albertsons said it plans to keep the Haggen name on 15 stores in Washington.

Four grocery store operators had submitted bids to purchase the Haggen stores, but Haggen considered only the Albertsons bid, according to court documents.

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