Archive for 2018
United Natural Foods to Buy Grocery-Store Chain Supervalu in $2.9 Billion Deal
United Natural Foods Inc. is buying food distributor Supervalu Inc. for about $1.3 billion, the latest in the food-distribution sector as it faces low margins and increasing costs. The acquisition, valued at $2.9 billion including debt, comes with risks for both companies. The deal would boost United Natural’s wholesale capacity as it strains to keep up with a…
Read MoreUnited Natural Foods to acquire SuperValu for $2.9 billion in cash
United Natural Foods Inc. UNFI, -3.04% (UNFI) said Thursday that it will acquire SuperValu Inc. svu for $32.50 per share in cash, or about $2.9 billion, including debt and liabilities. The deal is expected to close in the fourth-quarter of calendar 2018. UNFI, focused on healthy food options, distributes more than 110,000 products to more…
Read MoreWhole Foods’ biggest supplier’s $2.9 billion bid to buy Supervalu is all about its independence
United Natural Foods, or UNFI, said it would acquire Supervalu for $2.9 billion. The acquisition will help the grocery distributor reduce its dependence on Whole Foods, which accounts for about a third of UNFI’s business and has a contract with the distributor set to expire in 2025. UNFI’s relationship with Whole Foods has been uncertain…
Read MoreUnited Natural Buys SuperValu in Deal Sought by Aintabi
United Natural Foods to buy grocery retailer Supervalu for $1.35 billion
Blackwells Targets SuperValu’s Cerberus Deal
Blackwells Lays Out Case for Change and Path Forward for Supervalu in New Presentation to Shareholders
Supervalu Accused by Investor of Snubbing Buyout Interest
An activist investor pressuring Supervalu Inc. to consider a sale says the grocery chain’s board has ignored at least four expressions of interest from potential buyers for all or part of the company. Blackwells Capital, which owns about an 8 percent stake in Supervalu, is seeking six seats the company’s nine-member board. The investor contends that about $5 billion…
Read MoreBlackwells Comments on Supervalu Board Continuing to Ignore Its Disastrous Record
NEW YORK–(BUSINESS WIRE)–Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm with over 8% ownership interest in Supervalu Inc. (NYSE:SVU) (“Supervalu” or the “Company”), responded today to the investor presentation filed yesterday by Supervalu. Blackwells has nominated six highly qualified professionals for election to the Supervalu Board of…
Read MoreWho’s Behind Blackwells Capital, Supervalu’s Activist Investor?
The New York City-based activist investor is an alternative investment-management company run by a 38-year-old on the hunt for deals. Here’s what he told us. READ MORE>>
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