SUPERVALU (SVU) Tops Q2 EPS by 11c
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SUPERVALU (SVU) Reports Agreement to Acquire Associated Grocers of Florida for $180M
October 18, 2017 6:37 AM EDTSUPERVALU INC. (NYSE: SVU) and Associated Grocers of Florida, Inc. today announced that they have entered into a definitive merger agreement for SUPERVALU to acquire Associated Grocers in a transaction valued at approximately $180 million.
This transaction provides SUPERVALU with the ability to expand its operations into a new part of Florida as well as provides new opportunities to bring SUPERVALU's products and services to Associated Grocers' diverse customer base in South Florida, the Caribbean, and other international markets. Additionally, as part of the pending transaction, SUPERVALU has reached a long-term supply agreement with... More
