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United States

Supervalu Inc (SVU)

SVU on New York Consolidated

3.26USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Kohl’s announces Bruce Besanko as chief financial officer
Tuesday, 27 Jun 2017 08:00am EDT 

June 27 (Reuters) - Kohls Corp ::Kohl's announces Bruce Besanko as chief financial officer.Says Bruce H. Besanko appointed CFO.Kohls Corp - appointment of Bruce H. Besanko to position of chief financial officer.Kohls Corp - Besanko spent four years with Supervalu in financial leadership roles, including chief operating officer and chief financial officer.  Full Article

Kohl hires Bruce Besanko as CFO from Supervalu - WSJ, citing sources
Tuesday, 27 Jun 2017 07:30am EDT 

June 27 (Reuters) - :Kohl hires Bruce Besanko as CFO from Supervalu - WSJ, citing sources.  Full Article

SUPERVALU says Rob Woseth to assume additional position of interim CFO
Monday, 26 Jun 2017 06:30am EDT 

June 26 (Reuters) - Supervalu Inc :Supervalu announces the resignation of cfo bruce besanko.Supervalu announces the resignation of cfo bruce besanko.Says cfo bruce besanko resigned.Supervalu inc - rob woseth, executive vice president, chief strategy officer, will assume additional position of interim chief financial officer.Supervalu - david johnson, will assume additional position of interim chief accounting officer, while co completes a search for a permanent cfo.  Full Article

Supervalu and Unified Grocers say FTC has granted early termination of waiting period
Friday, 19 May 2017 06:45am EDT 

May 19 (Reuters) - Supervalu Inc ::Supervalu and Unified Grocers announce FTC’s early termination of Hart-Scott-Rodino waiting period for Supervalu’s acquisition of Unified Grocers.  Full Article

Supervalu Q4 adjusted earnings per share $0.13
Tuesday, 25 Apr 2017 06:30am EDT 

April 25 (Reuters) - Supervalu Inc ::Supervalu reports fourth quarter and full year fiscal 2017 results.Q4 adjusted earnings per share $0.13.Q4 earnings per share $0.02 from continuing operations.Q4 sales $2.91 billion versus I/B/E/S view $2.89 billion.Q4 adjusted earnings per share $0.13 from continuing operations.Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Qtrly retail identical store sales were negative 5.8 percent.Supervalu Inc - fiscal 2017 included a $577 million after-tax gain on sale of Save-A-Lot, recorded in income from discontinued operations, net of tax.  Full Article

Supervalu to acquire Unified Grocers
Monday, 10 Apr 2017 05:34pm EDT 

Supervalu Inc : Supervalu to acquire Unified Grocers to create one of the nation's leading grocery wholesale companies . Supervalu - deal for $375 million . Supervalu - combined business designed to deliver value to co' stockholders with at least $60 million in run rate cost synergies . Supervalu - co to use cash on hand and borrowings under its credit facilities to purchase unified's equity and repay Unified's outstanding net debt . Supervalu - transaction value comprised of about $114 million in cash for 100 percent of outstanding stock of Unified Grocers . Supervalu - transaction was unanimously approved by each company's board of directors, is currently expected to close in mid-to-late summer 2017 . Supervalu - transaction value also comprised of assumption and pay-off of unified grocers' net debt at closing . Supervalu - $60 million in run rate cost synergies expected to be realized by end of third year of operations . Supervalu - following completion of merger, unified grocers will be a wholly-owned subsidiary of supervalu . Supervalu - transaction expected to be accretive to earnings per share in first full fiscal year following closing which begins on February 25, 2018 .Supervalu-To achieve synergies,co expects to incur transition,integration costs of up to $60 million within first 2 years following transaction completion.  Full Article

Supervalu completes sale of Save-A-Lot
Monday, 5 Dec 2016 04:30pm EST 

Supervalu Inc : Supervalu completes sale of Save-A-Lot . Confirmed today that it used $750 million of net proceeds from sale to prepay that portion of its outstanding term loan balance .Intends to use remaining sale proceeds to further reduce debt and improve capital structure, contribute to its pension plan.  Full Article

Supervalu selected as grocery wholesaler by The Fresh Market
Monday, 15 Aug 2016 06:30am EDT 

Supervalu Inc : Reached a long-term supply agreement for Supervalu to serve as a grocery wholesaler and distributor to Fresh Market Inc . Says parties intend for Supervalu to become Fresh Market's primary distributor .Anticipates it will begin serving some of Fresh Market's stores in fall and will take on additional stores as transition continues.  Full Article

Supervalu says files amendment No. 2 to Form 10
Monday, 8 Aug 2016 05:51pm EDT 

Supervalu Inc : Supervalu is continuing to pursue a spin-off of save-a-lot as it also evaluates a possible sale of save-a-lot .Supervalu files amendment no. 2 to form 10 for possible spin-off of its save-a-lot business.  Full Article

SUPERVALU says continues to prepare for possible separation of its Save-A-Lot biz
Tuesday, 2 Aug 2016 06:04pm EDT 

Supervalu Inc : Supervalu continues to prepare for possible separation of its save-a-lot business ."prepared to consider other alternatives to improve stockholder value, and in this regard is also evaluating a possible sale of save-a-lot".  Full Article

BRIEF-Supervalu announces 1-for-7 reverse stock split

* Supervalu announces 1-for-7 reverse stock split Source text for Eikon: Further company coverage: