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SuperValu shares soar 65% after United Natural Foods agrees to acquire grocery chain
SuperValu Inc. shares soared 65% Thursday, after United Natural Foods Inc. said it has agreed to acquire the food distributor and grocery chain in a deal valued at about $2.9 billion, including debt. United Natural Foods UNFI, -3.04%, which specializes in healthier food options, distributes more than 110,000 products to more than 43,000 customer locations,…
Read MoreUnited Natural-Supervalu Deal Shows What’s Eating the Food Sector
Supervalu (SVU) soared earlier this week on news that United Natural Foods (UNFI) would buy the supermarket chain in a $2.9 billion deal. Where we were: The grocery space has been rocked by a number of factors upending how the industry works, leading many companies to team up to combat these changes. Where we’re going:…
Read MoreShop ‘n Save parent to be acquired in $2.9 billion deal
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
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…
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