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Supervalu Acquisition Of Unified Grocers Advances

Supervalu and Unified Grocers said that the United States Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to their merger.

Supervalu’s proposed acquisition of Unified Grocers can proceed, the parties reported jointly. The early termination of the waiting period satisfied a closing condition for the transaction, which still is subject to United Grocer’s shareholder approval. The company has set June 22 for its shareholder meeting. The parties expect the transaction to close in late June, subject to remaining customary closing conditions.

In April, Supervalu and Unified Grocers entered into a definitive merger agreement that calls for Supervalu to acquire Unified Grocers in a transaction valued at approximately $375 million.