Source: Jon Springer, WINSIGHT GROCERY, 10/9/20


In connection with an ongoing business arrangement with Amazon, food wholesaler SpartanNash has issued warrants to an affiliate of the e-commerce giant to purchase up to 5.4 million shares of the company over the next seven years. The agreement gives Amazon the potential to acquire nearly 14% of the Grand Rapids, Mich.-based company’s outstanding shares for about $96 million over time at a price of $17.7257 per share upon vesting. SpartanNash stock closed at $17.02 per share Oct. 8 and soared to over $21, a nearly 25% jump, in early trading Oct. 9.

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