date:Nov 20, 2013
million to help finance the acquisition, according to court papers. Tesco would get warrants to buy as much as 10% of the reorganized chain's equity, while Fresh Easy would get a 22.5% stake.
Yucaipa has agreed to take over about 150 of the markets along with the production facility in Riverside, where the company produces meals under the Fresh Easy brand. Fresh Easy operates 167 stores in the western United States.
The supermarket chain, based in El Segundo, sought bankruptcy protection Se