- Supervalu (NYSE:SVU) announces that its Save-A-Lot subsidiary filed Amendment No. 1 to its Form 10 Registration Statement with the SEC in connection to the possible spin-off of Save-A-Lot into a separate, publicly traded company.
- Among other changes, the amendment includes Save-A-Lot’s recent financial results and details the company’s current expectations that immediately following a spin-off, SVU stockholders would directly own approximately 60% of the outstanding shares of Save-A-Lot and that SVU would retain approximately 40% of the outstanding shares of Save-A-Lot.
- The company originally announced in July of last year that it was exploring a separation of its Save-A-Lot business.
- Source: Press Release