Report: Supervalu considering options, including sale
Grocery wholesale and retailer Supervalu may be putting itself up for sale.
Supervalu is working with an adviser to consider options including a potential sale, reported Bloomberg, which cited people familiar with the matter. The company has been under pressure from activist investor Blackwells Capital to give it board seats and “unlock” the value of its owned real estate, whose value it said exceeds Supervalu’s market cap.
Blackwells Capital has nominated six directors for election at the company’s annual meeting.
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Supervalu is working with an adviser to consider options including a potential sale, reported Bloomberg, which cited people familiar with the matter. The company has been under pressure from activist investor Blackwells Capital to give it board seats and “unlock” the value of its owned real estate, whose value it said exceeds Supervalu’s market cap.
Blackwells Capital has nominated six directors for election at the company’s annual meeting.
Click here to read more.