Tagged SVU

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Blackwells in a Fight with Supervalu

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…

SuperValue Thinking About SpinOff

SUPERVALU INC. today announced that it is exploring a separation of its Save-A-Lot business, and that as part of that process it has begun preparations to allow for a possible spin-off of Save-A-Lot into a stand-alone, publicly traded company. “Save-A-Lot is a leading national hard discount retailer with over 1,300 total stores, comprised of approximately…

SuperValu Hires Bankers to Review Strategic Alternatives

  (Extract from Earnings Release dated July 11, 2012) Review of Strategic Alternatives The Company’s Board and management, in conjunction with its financial advisors, Goldman Sachs and Greenhill & Co., have initiated a review of strategic alternatives to create value for the Company’s shareholders. SUPERVALU’s non-executive chairman, Wayne Sales, will oversee this process so that management…