Activist Spotlight: Private Jets Draw Insurgent Attention
Behind United Natural’s Purchase of Activist-Targeted SuperValu
Supervalu and its dissident investor bury hatchet, bringing acquisition one step closer
In Brief: Blackwells Settles With SuperValu After it Agrees to Sell itself
SUPERVALU Announces Agreement with Blackwells Capital
MINNEAPOLIS–(BUSINESS WIRE)–SUPERVALU INC. (NYSE:SVU) today announced that it has entered into an agreement with Blackwells Capital. “We are pleased to have reached this agreement with Blackwells, as we may now dedicate our full attention to continuing to operate our business and to completing the transaction with UNFI, which delivers a substantial premium and immediate and…
Read MoreSupervalu Settles with Shareholder Activist Blackwells
Supervalu Inc. has settled with an activist shareholder group as the food distributor prepares to sell itself to a rival later this year. The agreement puts an end to a roughly nine-month campaign by Blackwells Capital LLC, an investment fund, to overhaul the Minneapolis-based company’s operations. It comes about a week after Supervalu agreed to…
Read MoreSuperValu 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…
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