SUPERVALU Confirms That Review of Strategic Alternatives is Proceeding
MINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU INC. (SVU) today confirmed that the previously announced review of strategic alternatives is proceeding. The company continues to be in active discussion with several parties. There can be no assurance that this process will result in any transaction or any change in the Companys overall structure or its business model.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery channel with annual sales of approximately $35 billion. SUPERVALU serves customers across the United States through a network of approximately 4,400 stores composed of 1,099 traditional retail stores, including 797 in-store pharmacies; 1,341 Save-A-Lot stores, of which 943 are operated by licensee owners; and 1,950 independent stores serviced primarily by the Company's food distribution business. SUPERVALU has approximately 125,000 employees. For more information about SUPERVALU visit www.supervalu.com.
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Steve Bloomquist, 952-828-4144
Mike Siemienas, 952-828-4245
Source: SUPERVALU INC.Copyright Business Wire 2012