PROVIDENCE, R.I. — United Natural Foods Inc. (UNFI) has filed a lawsuit against Goldman Sachs Group Inc. and others, alleging improper conduct by the financial advisors that were retained to advise the food wholesaler on its bid to acquire Supervalu Inc. The lawsuit, filed in the Supreme Court of the State of New York, seeks
PROVIDENCE, R.I. — United Natural Foods Inc. announced today it has completed its $2.9 billion acquisition of Supervalu Inc. “Today is an important milestone for UNFI,” Steve Spinner, chairman and chief executive officer of UNFI, said in a statement. “We will take the best from both businesses to create North America’s premier food wholesaler with
MINNEAPOLIS — Supervalu Inc. has agreed to be acquired by United Natural Foods Inc. (UNFI) for $32.50 per share in cash, or approximately $1.3 billion in cash plus the assumption of outstanding debt and liabilities. The transaction, which has been approved by the boards of directors of both companies, is valued at about $2.9 billion
PROVIDENCE, R.I. — United Natural Foods Inc. has agreed to acquire Minneapolis-based wholesaler and retailer Supervalu Inc. The deal is valued at about $2.9 billion, including the assumption of outstanding debt and liabilities. UNFI says the transaction represents an opportunity to diversify its customer base and expand its market reach and scale. The company said
MINNEAPOLIS — Supervalu Inc. on Tuesday said it was proposing a plan to tranform itself into a holding company. The change in corporate structure would help enable the company’s strategic transformation, according to Supervalu proposal, which was outlined in a preliminary proxy statement/prospectus filed with the U.S. Securities and Exchange Commission. According to the proposal,
MIAMI – On Monday morning the Food Marketing Institute presented two awards meant to recognize how the voice of food retailing can be a force in government advocacy and a champion in the communities grocers serve. “These legacy-makers leveraged their voices to shape a more prosperous future for our industry and the communities in which
EDEN PRAIRIE, Minn. — Instacart, the technology-driven, nationwide on-demand grocery delivery service, and Supervalu Inc., one of the largest grocery wholesalers and retailers in the United States, have entered into an exclusive multiyear contract. Under the agreement, Supervalu has launched refreshed e-commerce sites Powered by Instacart for four of its retail banners — Cub, Farm
MINNEAPOLIS — Supervalu Inc. said Monday that it has promoted Anne Dament to executive vice president of retail, marketing and private brands. The move is one of three executive changes announced by the company. The company also said that Karla Robertson, executive vice president, general counsel and corporate secretary, will resign from her position, effective
MINNEAPOLIS — Supervalu Inc. has agreed to acquire Associated Grocers of Florida Inc. for $180 million. The purchase extends Supervalu’s operations in Florida and provides opportunities to bring its products and services to Associated Grocers’ diverse customer base in the Caribbean and other international markets. Additionally, Supervalu reached a long-term supply agreement with Associated Grocers’
MINNEAPOLIS — Supervalu Inc. has agreed to sell its Save-A-Lot hard discount grocery chain to private equity firm Onex Corp. for $1.365 billion in cash. The deal comes more than year after Supervalu announced that it was exploring options for a separation of the Save-A-Lot business, including a possible spin-off into a stand-alone, publicly traded
EDEN PRAIRIE, Minn. – Supervalu Inc. on Wednesday named Eric Claus as chief executive officer at Save-A-Lot, its retail food division. Claus brings more than three decades of retail experience to the job, which he will assume on or before January 4, Supervalu noted. On the date Claus assumes his new role, Ritchie Casteel will