Jun. 28 2002 - WorldCatch Wave - A Wilmington, Del., bankruptcy court approved Big V Supermarkets Inc.'s reorganization plan to sell 27 of its supermarkets to Wakefern Food Corp. for about $185 million.
Big V said Thursday that it agreed to sell its stores in the Hudson Valley of New York and central New Jersey to Wakefern's ShopRite Supermarkets Inc. unit.
A Big V spokesman said the troubled firm plans to close its remaining three locations and cease operations after the reorganization becomes effective by mid-July.
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Bankruptcy court ruling grows ShopRite name a bit bigger as reorganization plan for Big V Supermarkets is approved
A Wilmington, Del., bankruptcy court approved Big V Supermarkets Inc.'s reorganization plan to sell 27 of its supermarkets to Wakefern Food Corp. for about $185 million.
28 June 2002 1:26 GMT
Updated
10 July 2012 7:29 GMT
