SpartanNash Acquisition Finalizes: Shareholders Receive Cash Payout

The publicly traded journey of SpartanNash has concluded following its acquisition by C&S Wholesale Grocers. The food distribution company ceased trading on the Nasdaq exchange in September 2025, with shareholders receiving a definitive cash settlement of $26.90 per share.

This acquisition provided substantial value for investors, with the $26.90 per share price representing a significant premium over previous trading levels. The offer price stood 52.5% above the closing price recorded on June 20, 2025, and exceeded the 30-day average trading price by 42.0%. When accounting for assumed debt, the total transaction value reached approximately $1.77 billion.

Trading in SpartanNash shares was formally suspended effective September 22, 2025. The company's delisting from Nasdaq coincided with the termination of its regulatory reporting obligations to the U.S. Securities and Exchange Commission.

Should investors sell immediately? Or is it worth buying SpartanNash?

Final Financial Performance

In what would become its last earnings report as an independent entity, SpartanNash delivered stronger-than-anticipated second quarter 2025 results. The company posted adjusted earnings of $0.54 per share, surpassing market experts' projections of $0.50 per share. Quarterly net sales showed modest growth, increasing 1.8% to reach $2.27 billion.

However, with the pending acquisition moving forward, management had withdrawn full-year 2025 guidance. Various operational developments—including store openings and personnel changes—received minimal market attention as investors focused primarily on the impending transaction closure.

Investor Outcome

For former shareholders, the SpartanNash investment story has reached its conclusion. Investors received the agreed-upon cash consideration of $26.90 for each share they held. The settlement eliminates future quarterly financial releases, analyst coverage, and stock price fluctuations. SpartanNash's tenure as a publicly listed corporation has definitively ended.