July 26, 2018 / 11:44 AM / 3 months ago

United Natural Foods to buy supermarket operator Supervalu in $2.9 bln deal

July 26 (Reuters) - United Natural Foods Inc said on Thursday it would buy U.S. supermarket operator Supervalu Inc in a deal valued at about $2.9 billion, including debt.

United Natural Foods, which is a distributor of natural and organic foods, said it would offer $32.50 per share in cash, representing a 67 percent premium to Supervalu’s Wednesday close.

Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur

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