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Supervalu Inc (SVU.N)

SVU.N on New York Stock Exchange

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Thu, Apr 13 2017

Fitch: Unified Grocers Purchase Neutral to SUPERVALU'S Ratings

(The following statement was released by the rating agency) CHICAGO, April 13 (Fitch) SUPERVALU Inc.'s (SVU) definitive agreement to acquire Unified Grocers, Inc. (Unified), a regional grocery wholesale cooperative with $3.8 billion of annualized sales, for $375 million is neutral to the company's 'B' Long-Term Issuer Default Rating (IDR), according to Fitch Ratings. Supervalu's sales and EBITDA (pro forma for the sale of Save-A-Lot) will increase by 30% to over $16 billion and 8% to $567 millio

BRIEF-Supervalu to receive termination fee of $8 mln plus reimbursement upto $1 mln in costs, if deal is terminated by Unified Grocers

* Supervalu-Under terms of deal,Supervalu to receive termination fee of $8 million plus reimbursement upto $1 million in costs, if deal is terminated by Unified Grocers

BRIEF-Supervalu to acquire Unified Grocers

* Supervalu to acquire Unified Grocers to create one of the nation's leading grocery wholesale companies

BRIEF-Supervalu reports Q3 loss per share $0.04 from continuing operations

* Q3 adjusted earnings per share $0.05 from continuing operations

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