Supervalu has entered into a definitive agreement to sell 19 of its 36 Shop ‘n Save grocery stores, primarily located in the St. Louis area, to Schnuck Markets.
Supervalu is weighing a proposal to reorganize the company’s corporate structure to further facilitate its strategic transformation plan. The proposal would result in a reorganization of the company’s corporate structure into a holding company structure.
Supervalu has completed the sale and leaseback of seven of its distribution centers as part of a previously announced agreement to sell eight of its owned warehouses.
Supervalu has completed the previously announced acquisition of Associated Grocers of Florida, Inc. in a transaction valued at approximately $193 million.
Supervalu is acquiring Associated Grocers of Florida in a deal valued at $180 million.