Supervalu (SVU) Pops Higher After Getting 'Indications of Interest' from Several Parties
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Supervalu, Inc. (NYSE: SVU) shares are popping in early market action following second-quarter results that missed the mark, but disclosure that the grocer received "indications of interest" in exploration of strategic alternatives.
From the quarterly release:
"The Company’s previously announced review of strategic alternatives is proceeding. The Company has received a number of indications of interest and is in active dialogue with several parties. There can be no assurance that this process will result in any transaction or any change in the Company’s overall structure or its business model."
From the quarterly release:
"The Company’s previously announced review of strategic alternatives is proceeding. The Company has received a number of indications of interest and is in active dialogue with several parties. There can be no assurance that this process will result in any transaction or any change in the Company’s overall structure or its business model."
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