The New York Post, which has delighted over the years in publishing less savory news items about the personal life of investor and supermarket magnate Ron Burkle, reports this week that the California billionaire is a little richer this week than last…at least on paper.
Burkle’s Yucaipa Cos., you see, owns 40 percent of Pathmark, which is being acquired by A&P. and 18 percent of Wild Oats, which is being bought by Whole Foods.
Burkle’s estimated profit with the two sales: $200 million.
Burkle’s Yucaipa Cos., you see, owns 40 percent of Pathmark, which is being acquired by A&P. and 18 percent of Wild Oats, which is being bought by Whole Foods.
Burkle’s estimated profit with the two sales: $200 million.
- KC's View:
- Based on Burkle’s political past, this probably is good news for fundraisers at the “Hillary in 2008” campaign.
