SuperValu Inc.
UNFI to Buy Supervalu for $1.35 Billion
U.S. grocery retailer Supervalu Inc. (Minnesota) said it will sell itself to Rhode Island-based United Natural Foods Inc. (UNFI), a distributor of natural and organic foods, for $1.35 billion, after coming under pressure from shareholders to explore a sale, according to Reuters. UNFI is the primary supplier for Amazon.com, Inc.’s Texas-based grocery chain Whole Foods ...
Albertsons Believed to Weigh Merger With Sprouts
Bloomberg.com reported that Idaho-based Albertsons Cos., the grocery-chain operator backed by Cerberus Capital Management, has held preliminary talks to merge with Arizona-based Sprouts Farmers Market Inc. The discussions, which took place in recent weeks, are at an early stage and may not lead to a deal, said sources who asked not to be named. The ...
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