OTHER NEWS - April 21, 1995
<i> Times Staff and Wire Reports</i>
KKR in $1.2-Billion Deal to Acquire Grocer: The investment firm Kohlberg Kravis Roberts & Co. has agreed to purchase 90% of Bruno’s Inc., a regional grocery chain, in a transaction valued at $1.2 billion, the companies said. KKR would pay $12.50 a share in cash to stockholders of the Birmingham, Ala.-based company, which operates 254 supermarkets in six Southern states. Some shareholders would retain their shares. The deal’s overall value includes $220 million in assumed debt and capitalized leases.
