Tuesday, October 23, 2018

Supervalu off stock market for first time since 1967 as United Natural Foods completes $2.9 billion deal

StarTribune
United Natural Foods Inc. closed its $2.9 billion purchase of Supervalu Inc. on Monday, with Supervalu shares disappearing from the New York Stock Exchange as the first sign of the completed takeover.

In coming months, United Natural aims to sell Supervalu's grocery store chains, including Cub Foods, and narrow its business to wholesale distribution similar to its own.. . . more