Tuesday, May 24, 2016

Supervalu takes another step in possible Save-A-Lot spin-off

Image result for save-a-lotSupervalu has renegotiated a $1.5 billion term loan agreement — another necessary step if the grocery retailer spins off discount chain Save-A-Lot.

The Eden Prairie-based Supervalu announced Monday that it completed the amendment of its loan agreement, which will allow the company to undertake transactions necessary for Save-A-Lot to become a separate company.. . . more

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