Polish wholesaler, Eurocash, will acquire the food distribution and retailing network of competitor, Emperia Holding, Bloomberg reports. The acquisition, which comprises of 17 companies, is valued at about $313.3 million. Eurocash is expected to pay the acquisition amount entirely in cash or issue Emperia new shares priced at $7.5 apiece. Emperia had rejected an all-share takeover offer from Eurocash earlier in September 2010, adds Reuters.
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