Kroger buys Zionsville Marsh stores

News>Retail & Financial    Kroger Fresh Encounter win Marsh sites at auction       
    

  stores go for $24M             Jon Springer | Jun 13 2017

Kroger Co. and Fresh Encounter were the successful bidders for stores operated by Marsh Supermarkets in the latter's auction in a Delaware Federal Bankruptcy Court Monday.

The Tipton Marsh is now the only supermarket in Tipton County.

According to documents filed Tuesday in bankruptcy court in DE, 26 of the 44 Marsh stores that were put up for auction following the in company bankruptcy proceeding filings were sold.

Marsh sold its pharmacy assets to a CVS subsidiary in April.

Spokesman Tom Mulligan says a DE bankruptcy court on Wednesday conditionally approved the sale of 11 stores to Kroger Co. subsidiary Topvalco Inc. for $16 million and 15 stores to Findlay, Ohio-based Fresh Encounter parent Generative Growth LLC for about $8 million.

Trump honors fallen veterans in honest Memorial Day speech
He then visited Area 60 of the cemetery, where numerous fallen heroes of the war in Iraq and Afghanistan were laid to rest. Trump tweeted this morning he is looking forward to paying his respects to America's courageous men and women.

Critics say Trump tweets may undercut legal case
If the Supreme Court agrees to take up the government's appeal, it will be the task of Acting Solicitor General Jeffrey B. Fox has not said whether he supports the travel ban as good immigration or national security policy.

Ariana Grande critic Piers Morgan apologizes to singer
After all, the performance was being live-streamed across the world so will.i.am could have been addressing London. The pop singer visited young fans injured in the attack at the Royal Manchester Children's Hospital on Friday.

None of the Marsh locations in Anderson were sold through the auction process as of Tuesday and the fate remains unknown.

The $16 million Kroger has agreed to pay for 11 stores did not include any inventory. 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.

Marsh released the winning bidders who will take ownership of 26 Marsh properties across IN and OH, including the two IN Zionsville.

The sales require approval by the bankruptcy court and have to overcome an objection from CVS Health.

Winning Bidder Topvalco, Inc. bought the leases for 10679 N. Michigan Road and 5 Boone Village, both in Zionsville, along with several other stores.

Related News:

  • Winning Powerball Ticket Worth $447.8 Million Sold In Riverside County

    Lottery officials say the earliest that the single winning ticket sold at Marietta Liquor & Deli can be redeemed is Monday. Alberre says the store just off a highway caters to retirees who live in Sun City and motorists who are passing through.

    Alonso: No decision on McLaren future before September

    Considering McLaren already is considering changing suppliers for 2018, Alonso's threat could provide the impetus to kick Honda to the curb.
    Radeon Pro 500 Series for iMac: Powerful Performance for Breathtaking 5K Computing

    Radeon Pro 500 Series for iMac: Powerful Performance for Breathtaking 5K Computing

    Perhaps unexpectedly, the next most exciting unit on display was the new 10.5-inch iPad Pro, running iOS 11. It is also worth noting that the AiO desktop would support up to 128GB of ECC memory.
  • Israel approves largest West Bank settlements in 25 years

    The plans are at various stages in the process and the units are located in a number of settlements across the West Bank . Almost 400,000 Jewish settlers are estimated to be living in the West Bank along with 2.8 million Palestinians.

    Alleged Russian Hack Reveals a Deeply Flawed Election System

    Bladen, Brunswick, Columbus, New Hanover and Pender counties do not use VR Systems for their elections. The NSA report does not say whether the cyberattack effort had any effect on the election results.

    Hillary Clinton ridicules President Trump over 'covfefe' tweet

    The tweet remained online for some 5½ hours, drawing worldwide ridicule. "But let me see what kind of plane she's taking", the aide responded .
  • US consumer prices dip 0.1 percent in May

    American consumers forked out a total of US$473.8 billion (RM2 trillion) for the month, 3.8 per cent above May of a year ago . In addition to a drop in energy costs last month, the price of clothing, airline fares and medical care also declined.

    Rafael Nadal Wins Record 10th French Open

    In the 19 times that Nadal has now played Wawrinka , the Spaniard has won 16, winning the match every time he won the first set . And following an historic triumph, the 31-year-old said it was "impossible" to describe his emotions.
    Showers, thunderstorms sticking around for much of the week

    Showers, thunderstorms sticking around for much of the week

    Otherwise, partly cloudy and warm with high temperatures near 78 degrees and winds from the north at 5 to 15 miles per hour . Continued chance of showers and thunderstorms, about 30 percent, in the evening with a low around 67.
  • Apple allows in-app tipping for content creators

    Apple allows in-app tipping for content creators

    Imagine only needing to scam 200 people to make $80,000 a month - Apple is letting someone do just that on the App Store . As he dug deeper to learn more about this app, he found that it routed your web access through a VPN, a private network.

    Puerto Rico casts symbolic vote for statehood

    No clear majority emerged in the first three referendums, with voters nearly evenly divided between statehood and the status quo. Justice Department told The Associated Press that the agency has not reviewed or approved the ballot's revised language.
    Vladimir Putin critic reportedly detained before Moscow protest

    Vladimir Putin critic reportedly detained before Moscow protest

    For that reason, he said he was unilaterally switching the venue to Tverskaya Street, Moscow's main avenue near the Kremlin. An Associated Press reporter saw about 50 protesters seized by police in the gathering at Mars Field.


Most liked

WTI, Brent crude oil futures settle higher
Crude oil futures fell Wednesday morning, after weekly industry data showed a surprise build in US stockpiles. Brent crude, the global oil benchmark, fell 0.74% to $48.36 a barrel on London's ICE Futures exchange.

Smith frustrated after second wash-out
Bangladesh took their time while Smith seemed even to turn down run-scoring opportunities in a bid to speed play up. The rain, however, returned before the field was ready and the match was finally called off around an hour later.

Primary Tuesday - Polls Open at 6 AM
The attorney general race will have Democrat Mark Herring, the incumbent, facing Republican John Adams in the November 7 election. The race has been framed as a reboot of the Bernie Sanders-Hillary Clinton contest, but the comparison is not a flawless fit.

The mayors of Pittsburgh and Paris: We have our own climate deal
David Ige signed SB 559 , which works to expand efforts in reducing greenhouse gas emissions in agreement with the global agreement.

DC, Maryland Attorneys General to File 'Major Lawsuit' Against Trump
The attorneys general of Maryland and D.C., both Democrats , have scheduled a news conference for noon ET in Washington . The first was filed in January by Citizens for Responsibility and Ethics in Washington , a D.C. -based watchdog group.

$435M Powerball jackpot: Odds, deadline, what you need to know
If someone hits the jackpot, it'll be the 8th largest Powerball prize and the 11th biggest in USA lottery history. Hughes also says she sees more people come in to get tickets 30 minutes before the drawing than any other time.

Kane rescues draw for England against Scotland in qualifying
England vs Scotland went from a bang average game of football to absolute madness In the space of eight minutes. We had moments where we got into really good positions in the final third and you have got to take the finish.

Russia says US-led coalition colludes with IS in Syria
The group said SDF forces took parts of the district of Jazra, west of Raqqa, backed by USA -led air support. Meanwhile white phosphorus attacks on Raqqa were reported for second night on Friday.

Qatar FM rejects intervention in foreign policy
The emirate is also home to leaders of Egypt's Muslim Brotherhood, the Palestinian Hamas and the Afghan Taliban. Qatar relies heavily on food imports, especially those coming over its only land border with Saudi Arabia.

Nordstrom family considering buyout of department store
Finally, Johnson Financial Group Inc. raised its stake in shares of Nordstrom by 7.9% in the fourth quarter. Quest Investment Management Inc decreased Deere & Co Com (DE) stake by 92.6% reported in 2016Q4 SEC filing.

Out-of-nowhere Ostapenko to face Halep for French Open title
It was clear from the start that Ostapenko was going to be the aggressor and she edged a first set in which she hit 21 winners. Despite finishing the set strong and taking that momentum into the second set, Pliskova began to sputter in the third set.

Eight killed, thousands displaced as storm lashes South Africa's Cape
The airport was closed, grounding even the South African President Jacob Zuma who had to cancel an engagement in Durban. In May, the Western Cape province declared a drought disaster after two reservoirs had completely dried up.

Apple unveils 'HomePod' speaker, first new product in years
Australia will be one of the first countries to receive the rollout of HomePod units, which will be available in December 2017 . Apple has always shot for the higher end of the market, while Google and Amazon have always shot for mass adoption.

Donald Trump pushes Gulf unity in call with Saudi king
On the day of the isolation from Qatar's neighboring countries and others, its main stock exchange dropped as much as 8 percent. Saudi Arabia's central bank advised banks in the kingdom not to trade with Qatari banks in Qatari riyals, banking sources said.

New smart speaker expected as Apple kicks off conference
But to what extent Apple can surpass market leaders Amazon and Google? With Siri, the HomePod doubles up as a home speaker . The free software update for mobile devices , iOS 11 , is expected in September, when Apple typically releases new iPhones.