Tesco seals deal to sell Fresh & Easy to Yucaipa

Ron Burkle's Yucaipa has agreed to acquire Fresh & Easy Neighborhood Market, Tesco's U.S. chain, in a deal that is expected to cost Tesco about $235 million, including a $126.5 million loan to Yucaipa and costs associated with closing 50 stores that Burkle isn't buying. Yucaipa will take on 150 locations, and more than 4,000 employees will transfer to Yucaipa affiliate YFE Holdings.

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