Fresh and Easy chain sold, some stores to close

Billionaire Ron Burkle is taking over the chain. And while details of the deal were not released, Burkle will acquire more than 150 of the chain's 200 stores.

Fresh and Easy has 15 stores in the Bay Area. But it's unclear whether any of them are on the closure list.

Sales will begin Wednesday in stores slated for closure ... With most merchandise marked down 25-percent.

The deal is expected to be compiled within three months.

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