CVS wants to delay Marsh sale amid new buyer agreement

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

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

News>Retail & Financial Kroger Fresh Encounter win Marsh sites at auction stores go for $24M Jon Springer | Jun 13 2017

Pruitt offered no timeline for Kroger and Fresh Encounter to close and take over the 26 stores they're buying across IN and Ohio. Among those 11 stores are the Bloomington Marsh locations at 1825 Kinser Pike and 123 S. Kingston Drive.

The Tipton Marsh is now the only supermarket in Tipton County. One possible obstacle to the sale is an objection by CVS Health, which purchased the pharmacy accounts from Marsh in April.

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

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

Northam beats Perriello in Democratic primary for Governor
By far, the most closely watched races will be between the five candidates running to be Virginia's next governor. Associated Press reporters Ben Finley in Norfolk and Alanna Durkin Richer in Richmond contributed to this report.

Greensburg, Ind. - Findlay, Ohio-based Fresh Encounter, Generative Growth II LLC has purchased 15 Marsh stores including locations in Greensburg and Columbus.

Objections to the winning bids will be heard in the DE bankruptcy court system prior to a final sale approval hearing on Thursday. They want to pay $8 million for the four Marshes left in OH and 11 other stores around Indiana. Fresh Encounter operates several independent retail brands and acquired Remke Markets earlier this year.

Topvalco, Inc., a subsidiary of Kroger, hopes to assume contracts for the leases of 11 Marsh stores, including the two Zionsville Marsh stores, at 10679 N. Michigan Rd. and 5 Boone Village, and the Fishers Marsh store, at 12520 E. 116th St. Marsh has countered that the agreement only bars Marsh from operating pharmacies at the stores, and that the language is not enforceable under the bankruptcy code.

Recommended News

  • She Prodded Her Boyfriend to Kill Himself. He Did

    She Prodded Her Boyfriend to Kill Himself. He Did

    And within months they indicted Carter , saying they had discovered numerous text messages from her urging Roy to kill himself. The prosecution says Ms Carter helped Roy devise the plan to take his own life, encouraged him to hide it from his parents.
    UAE closes airspace to all Qatar flights as GCC crisis escalates

    UAE closes airspace to all Qatar flights as GCC crisis escalates

    The crisis began in part over what the Qataris described as a false news report planted during a hack of its state-run news agency.
    EU presses Britain to get its act together for Brexit talks

    EU presses Britain to get its act together for Brexit talks

    Paula Surridge, senior lecturer at Bristol University, said it may take time to get to the negotiations in the first place. German Chancellor Angela "Merkel will notice that, (French President Emmanuel) Macron will notice that".
  • Apple demands cut of Chinese app 'tips'

    Apple demands cut of Chinese app 'tips'

    We've all been there; you download an app, use it regularly, and find yourself frequently prompted to write an App Store review. The new app review guidelines stipulate that developers may no longer create their own pop-ups to ask for a rating.

    Luke Bryan opening Game 6 broadcast from honky-tonk roof

    Nashville Predators left wing Colin Wilson skates a drill during practice Sunday, June 4, 2017, in Nashville, Tenn. The opening faceoff was delayed a few seconds after someone threw a catfish onto the ice - a Predators thing.

    Trump to nominate ex-Justice Department official to lead FBI

    The defense has pointed out that phone records show Constand called Cosby 53 times after she says he assaulted her. In an early morning two-sentence tweet, Trump said he meant to nominate Wray, a high-ranking official in George W.
  • Hawaii Rebuffs Trump, Adopts Paris Agreement Goals Anyway

    In the op-ed, the mayors address Pittsburgh's history as an industrial and polluted city continuing to make stride toward cleaning up its air.
    Preds leaning on Rinne to force Penguins back to Pittsburgh

    Preds leaning on Rinne to force Penguins back to Pittsburgh

    On Nashville's side, goalkeeper Pekka Rinne has been a drastically different player at Bridgestone Arena than at PPG Paints Arena. He has a.756 save percentage and 5.41 goals against average in Pittsburgh and was chased from the net in both Game 2 and Game 5.
    Presidential poll on July 17

    Presidential poll on July 17

    The Election Commission will conduct the vote through ballot papers and declare the result on July 20. At the moment, there are 13 vacancies in the electoral college, which includes three MPs and 10 MLAs.
  • US consumer prices slipped 0.1 percent in May

    US consumer prices slipped 0.1 percent in May

    Labor Department said Wednesday that the consumer price index edged down 0.1% last month following a small 0.2% increase in April. Receipts at restaurants and bars dipped 0.1 per cent, while sales at sporting goods and hobby stores fell 0.6 per cent.

    Turkey says Qatar deployment aims to ensure security

    UAE ambassador to the US Yousef al-Otaiba praised Mr Trump's leadership in the face of Qatar's "troubling support for extremism". But the states did not respond to Secretary of State Rex Tillerson's warning of humanitarian consequences.
    Body of Frenchman recovered from Thames, UK attack death toll 8

    Body of Frenchman recovered from Thames, UK attack death toll 8

    Spanish banker Ignacio Echeverria (39), was killed after trying to defend a woman with his skateboard in the Borough Market area. Le Parisien daily newspaper named the second Frenchman to die in the attack as 36-year-old Sebastian Belanger.

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.