Marsh Seeks OK to Sell Stores to Kroger, Fresh Encounter Cos

Inc. All right

Inc. All right

Earlier this month, Marsh closed the store on Broadway in Anderson.

Two Ohio-based firms offered to buy more than half of the remaining Marsh grocery stores.

CVS acquired the Marsh pharmacy accounts and inventory for $38 million.

The paperwork filed for the judge's approval indicates that Marsh is potentially selling 11 "core" stores to the Kroger subsidiary for the amount of $16 million.

The next hearing on the proposed sale is tomorrow in federal bankruptcy court in Delaware.

Fresh Encounter now has 34 stores in OH and in, including Great Scot, Community Markets and Sack n' Save, to 44 stores. The company wants to pay $8 million for the four Marshes left in OH and 11 other in stores.

Generative Growth agreed to buy two Indianapolis stores; other IN stores IN Columbus, Elwood, Greensburg, Hartford City, Marion, New Palestine, Pendleton, Richmond and Tipton; and OH stores IN Eaton, Middletown, Troy, and Van Wert.

The other bidder is a corporation called Generative Growth II, which owns Fresh Encounter.

The two companies want the option of opening pharmacies when they rebrand the 26 stores they've offered to buy. As a condition of the deal, the 37 Marsh stores with pharmacies were precluded from operating pharmacies for five years, the newspaper noted, citing a recent bankruptcy court filing.

The deal leaves no buyer for 18 other Marsh stores still open in IN, including ones in and around Indianapolis, Carmel, Lafayette and Kokomo. The deal would result in the sale of 15 stores for $8 million.

Recommended News

  • Sessions' testimony on Tuesday will be public

    Sessions' testimony on Tuesday will be public

    Third, it says he was involved in the firing of Comey, and the president said Comey was sacked because of Russian Federation . Feinstein is the top Democrat on that panel and a member of both.
    England may replace Roy with Bairstow for Champions Trophy semi

    England may replace Roy with Bairstow for Champions Trophy semi

    Pakistan are also considering changes with coach Mickey Arthur planning to strengthen the middle order. South Africa-born Roy, 26, has made just 51 runs in his past eight one-day worldwide innings.
    Heinrich: Sessions' testimony shows 'concerted effort' to obstruct investigation

    Heinrich: Sessions' testimony shows 'concerted effort' to obstruct investigation

    But Sessions recused himself from the Russian Federation investigation in March after the revelations of the two Kislyak meetings. Losing patience with Sessions filibuster, Harris persisted, pressing into her next question, but Sessions was not finished. "Mr.
  • Sen. Susan Collins: President Trump should voluntarily turn over tapes

    Sen. Susan Collins: President Trump should voluntarily turn over tapes

    Trump critics said that was evidence that the president may have obstructed justice, possible grounds for impeachment. Mr Trump on Sunday accused Mr Comey of "cowardly" leaks and predicted many more from him.
    Sessions Denies Collusion Allegations, Defends Involvement With Comey Ouster

    Sessions Denies Collusion Allegations, Defends Involvement With Comey Ouster

    Asked to explain his decision, the attorney general said he believed he had to recuse himself under Department of Justice rules. But Sessions said that despite his sense of problems at the Federal Bureau of Investigation , he never raised that with Comey.

    Trump worked 'very hard' to get student released

    This morning came word suddenly that the United States had secured his release, but under apparently desperate circumstances. It didn't respond to USA offers to send a high-level envoy to discuss Warmbier and three other Americans held by the North.
  • "We are not winning in Afghanistan" - US Defense Secretary Mattis

    He said he had expected the plan in the first 30 to 60 days of the new administration and snapped: "We want a strategy". The official also said that the USA estimates there are still several hundred ISIS fighters in eastern Afghanistan .

    Sessions to face questions on Russia, Comey

    Chairman, the opportunity to, at least, be able to say publicly I didn't participate in that and know nothing about it. Marco Rubio, R-Fla., asked Sessions whether Trump records his conversations in the White House. "I don't know, Sen".

    Tillerson: North Korea Releases Cincinnati Student Otto Warmbier

    USA officials appeared to brush aside any speculation of a connection between Rodman's controversial visit and Warmbier's release. He said that he had been offered a auto and membership in a secret society at his school if he brought the political banner home.
  • Uber's SVP of Business Emil Michael Just Left the Company

    Uber's SVP of Business Emil Michael Just Left the Company

    Last week, Uber fired 20 employees after 215 harassment complaints were reviewed by another law firm in a separate investigation. There have been reports that top officials, including Uber's CTO and one of its board members, might be put under the microscope.

    Sessions testifies before Senate Intelligence Committee

    Angus King (I-ME) demanded to know the "legal basis" for Sessions' repeated dodges. Comey expressed concern about proper communications protocol", said Sessions .
    PM Lee denies claims made by siblings

    PM Lee denies claims made by siblings

    The statement by Dr Lee and Mr Lee, titled "What has happened to Lee Kuan Yew's values?" was published on their Facebook pages . They also said, based on their interactions, that PM Lee and his wife "harbour political ambitions for their son, Li Hongyi".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.