Grocer files amendment for possible spin-off

Supervalu has moved closer to spinning off its discount grocery store division.



The supermarket operator filed Amendment No. 1 to its Form 10 Registration Statement with U.S. Securities and Exchange Commission in connection with the anticipated spin-off of its Save-A-Lot business into a separate, publicly traded company.



The amendment includes recent financial results for the division as well as expectations immediately following a spin-off that Supervalu stockholders would directly own about 60% of the outstanding shares of common stock of Save-A-Lot while Supervalu would retain the remaining 40%.



Supervalu announced in July 2015 that it had begun preparations to allow for a possible spin-off of Save-A-Lot into a stand-alone public company.



As of February 27. 2016, there were 1,360 Save-A-Lot stores.