Archive for 2018
Supervalu heads for proxy clash with dissident investor
SuperValu’s Private Jet at Issue as Battle Escalates
Blackwells Files Preliminary Proxy Materials for the Election of Directors at the 2018 Annual Meeting of Supervalu Inc.
NEW YORK–(BUSINESS WIRE)–Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm with an approximate 7.3% ownership interest in Supervalu Inc. (NYSE: SVU) (“Supervalu” or the “Company”), today announced it has filed preliminary proxy materials to elect six highly qualified candidates to Supervalu’s Board of Directors (the “Board”) at…
Read MoreBlackwells Issues Open Letter to Supervalu Board of Directors in Response to Continued Value Destruction and Entrenchment
NEW YORK–(BUSINESS WIRE)–Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm and one of the largest shareholders of Supervalu Inc. (NYSE:SVU) (the “Company”) with an approximate 5.2% ownership interest, today issued the following open letter to the Company’s Board of Directors, in response to its continued refusals to…
Read MoreAltAir Fuels
Vandewater was the lead investor and controlling shareholder of AltAir Fuels from 2013 until its sale to World Energy in 2018. Established in 2013, AltAir Fuels was created to produce low carbon fuels and chemicals derived from sustainable feedstock. For its first commercial project, AltAir partnered with Alon Energy USA (now Delek) to retool idled…
Read MoreAintabi Wants Control of SuperValu
Blackwells Launches Proxy Fight at Supervalu
Blackwells Nominates Highly-Qualified, Independent Slate for Supervalu Board of Directors
NEW YORK–(BUSINESS WIRE)–Blackwells Capital LLC (together with its affiliates, “Blackwells Capital” or “Blackwells”), an alternative investment management firm with ownership representing an approximately 4.9% interest in Supervalu Inc. (NYSE: SVU) (“Supervalu” or the “Company”), today announced it has nominated six highly-qualified, independent candidates for election to Supervalu’s Board of Directors (the “Board”) at the upcoming…
Read MoreWorld Energy Acquires Renewable Jet Fuel Producer AltAir
Boston-Based World Energy has closed on the purchase of Delek’s interests in renewable jet and diesel producer, AltAir Fuels, and Delek’s Paramount, California, refining and pipeline assets. The sale includes all of Delek’s membership interests in AltAir. READ MORE>>
Read More