According to Reuters, SUPERVALU (SVU) seeking strategic alternatives

  • April 9, 2018


Date Announced04/06/2018Source Reuters
TypeNews Report
Date of Confirmation: 07/26/2018Price at Confirmation: $32.17
Potential Profit: 92.06%Annualized Profit: 302.72%

U.S. supermarket operator Supervalu Inc (SVU) is exploring a potential sale following pressure from activist shareholders, including Blackwells Capital LLC, a person familiar with the matter said on Friday.


July 26, 2018: United Natural Foods, Inc. (UNFI) and SUPERVALU INC. (SVU) today announced that they have entered into a definitive agreement under which UNFI (UNFI) will acquire SUPERVALU (SVU) for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding debt and liabilities.

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