- Supervalu (NYSE:SVU) +8.5% after-hours on news it agrees to sell 21 of its Farm Fresh Food & Pharmacy stores to three other grocery chains for $43M.
- SVU says 10 stores will be sold to Harris Teeter, eight to Kroger and three to Food Lion, and is in discussions to sell the remaining 17 Farm Fresh stores.
- SVU says exiting Farm Fresh will help it focus on the strategic growth of the wholesale business.