RBC Capital Downgrades SUPERVALU (SVU) to Sector Perform Following Acquisition

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Go back to RBC Capital Downgrades SUPERVALU (SVU) to Sector Perform Following Acquisition

UNFI To Acquire SUPERVALU In Transformative Combination Creating North America's Premier Food Wholesaler

July 26, 2018 7:34 AM EDT

PROVIDENCE, R.I. and MINNEAPOLIS, July 26, 2018 /PRNewswire/ -- United Natural Foods, Inc. (NASDAQ: UNFI) and SUPERVALU INC. (NYSE: SVU) today announced that they have entered into a definitive agreement under which UNFI will acquire SUPERVALU for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding debt and liabilities.

"This transaction accelerates UNFI's "Build out the Store" growth strategy by immediately enhancing our product range, equipping us to bring an attractive, comprehensive product portfolio to an expanded universe of customers," said Steve... More