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Supervalu Inc (SVU)

SVU on New York Consolidated

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26 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Supervalu files Amendment No. 1 to Form 10 for possible spin-off of Save-A-Lot business
Thursday, 9 Jun 2016 05:18pm EDT 

Supervalu Inc : Files Amendment No. 1 to form 10 for possible spin-off of save-a-lot business . Among other changes, amendment includes save-a-lot's recent financial results and details co's current expectations following a spin-off . Says Supervalu stockholders would directly own about 60 percent of outstanding shares of common stock of save-a-lot .Says it would retain about 40 percent of outstanding shares of common stock of Save-A-Lot.  Full Article

SUPERVALU INC appoints new CEO
Wednesday, 3 Feb 2016 08:00am EST 

SUPERVALU INC:Appoints Mark Gross President and Chief Executive Officer.Says Gross will succeed Sam Duncan, who has previously announced he will be retiring.Says Sam Duncan will be stepping down from the company's 11-person board of directors.  Full Article

SUPERVALU INC CEO Sam Duncan announces plan to retire February 2016
Thursday, 1 Oct 2015 04:10pm EDT 

SUPERVALU INC:Says his intention to retire as President and CEO on February 29, 2016, following the end of the Company's fiscal year.  Full Article

SUPERVALU INC issues allergy alert on undeclared milk in cub foods and rainbow foods Danish Rolls 4ct. - FDA
Wednesday, 15 Jul 2015 08:00pm EDT 

SUPERVALU INC:Says is recalling 4ct. 13oz packages of Cub Foods and Rainbow Foods Danish Rolls because it may contain undeclared milk allergen - U.S. Food and Drug Administration.Says People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume these products.Says the Danish rolls are packaged as a 4ct (13oz) in a clear plastic clam shell.Says the product is produced in-store at Cub and Rainbow locations in three varieties; Danish, Caramel Danish, and Caramel Nut Danish.The affected product would have been for sale on or before July 13 and have a three-day expiration date.The recall was initiated after it was discovered that Danish Rolls containing milk were produced and packaged with a label that did not indicate the presence of milk.Subsequent investigation indicates the problem was caused by a switch in frozen Danish roll dough base that did not get updated onto the final product label.  Full Article

MoneyGram renews longstanding agreement with SUPERVALU Inc
Thursday, 28 May 2015 08:01am EDT 

Western Union Co:Says it has extended its multi-year agreement with Supervalu Inc.Says the collaboration enables consumers in six states across the nation to easily access MoneyGram services at convenient grocery store locations.  Full Article

SUPERVALU Inc reaffirms FY 2015 EBITDA guidance - Conference Call
Wednesday, 7 Jan 2015 03:00pm EST 

SUPERVALU Inc:Continues to believe FY 2015 adjusted EBITDA, will be lower than last year's pro forma adjusted EBITDA of $783 million.  Full Article

SUPERVALU Inc prices offering of $350 million of senior notes
Monday, 10 Nov 2014 05:28pm EST 

SUPERVALU Inc:Prices the offering of $350 mln aggregate principal amount of 7.75 pct Senior Notes due 2022.Notes will be registered under the Company's Registration Statement on Form S-3, which was filed with the Securities and Exchange Commission and became effective on Nov. 10.Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Barclays Capital Inc. are acting as joint bookrunning managers for this offering.  Full Article

SUPERVALU Inc reaffirms FY 2015 EBITDA guidance - Conference Call
Thursday, 16 Oct 2014 10:00am EDT 

SUPERVALU Inc:Continues to believe FY 2015 adjusted EBITDA will be lower than FY 2014 pro forma adjusted EBITDA of $783 million.FY 2015 EBITDA of $769 million - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Supervalu buys 22 Food Lion stores

* Supervalu looks to expand wholesale business with acquisition of 22 food lion stores in West Virginia, Maryland, Pennsylvania and Virginia