Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
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(Reuters) - Apollo Global Management LLC said on Tuesday it will acquire Smart & Final Stores Inc for about $1.1 billion (842.4 million pounds), including debt, the second time the private equity firm will own the U.S. food retailer.The deal comes after Apollo sold Smart & Final to Ares Management Corp, another buyout firm, in 2012 for $975 million, including debt. It is Apollo's latest bet on the brick-and-mortar grocery sector, even after its last acquisition in the space, its $1.4 billion..