The Fresh Market, Inc. (0.9%) (NASDAQ:TFM)(TFM – $28.53 – NADSAQ) based in Greensboro, North Carolina – is a specialty grocery retail store. It primarily focuses on the perishable product categories, which include meat, seafood, produce, deli, bakery, flora, sushi and prepared foods. The company's non-perishable product categories consist of traditional grocery, frozen and dairy products, as well as bulk, coffee and candy, beer and wine, and health and beauty. On March 14, 2016, Apollo entered into an agreement to buy TFM for $28.50 cash per share. The deal is subject to regulatory approval and approval of a majority of the minority shareholders in the company. The total consideration for the deal is $1.3 billion.
From Mario Gabelli (Trades, Portfolio)'s first quarter 2016 ABC Fund shareholder commentary.
