Key Developments: Supervalu Inc (SVU)

SVU on New York Consolidated

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28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

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

SUPERVALU Inc reaffirms FY 2015 EBITDA guidance - Conference Call
Thursday, 24 Jul 2014 10:00am EDT 

SUPERVALU Inc:Continues to believe FY 2015 adjusted EBITDA to be lower than FY 2014 pro forma adjusted EBITDA of $783 million.FY 2015 EBITDA of $772 million - Thomson Reuters I/B/E/S.  Full Article

SUPERVALU Inc agrees to participate in acquisitions of Rainbow Stores
Wednesday, 7 May 2014 09:01am EDT 

SUPERVALU Inc:Entered into definitive agreements to acquire certain Rainbow Foods grocery stores.In total they agreed to acquire 18 Rainbow grocery stores, including 13 Rainbow pharmacies and three Rainbow liquor stores in Minnesota.  Full Article

Roundy's agrees to sell 18 rainbow stores to a group of local grocery retailers, including SUPERVALU INC
Wednesday, 7 May 2014 09:00am EDT 

Roundy's Inc:To sell 18 Rainbow stores in Minneapolis/St. Paul market to a group of local grocery retailers, including SUPERVALU INC.Aggregate sale price is about $65 mln in cash plus proceeds from inventory that will be sold at the closing of the transaction.Transaction is expected to close during the third quarter.Moelis & Company is acting as Roundy's exclusive financial advisor in connection with the transaction.  Full Article

SUPERVALU INC announces changes in board
Monday, 13 Jan 2014 04:15pm EST 

SUPERVALU INC:Says Gerald Storch has been elected as the company's new Chairman of the Board.Says Robert Miller resigned as the Chairman of the company to focus on other demands.  Full Article

SuperValu considers spinning off fast-growing Save-A-Lot business

- SuperValu Inc said it was exploring a spinoff of its discount grocery chain Save-A-Lot into a publicly traded company as the retailer looks to insulate the fast-growing unit from its slower-growing grocery wholesale and food retail businesses.

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