SUPERVALU INC. Stockholders Approve Merger with United Natural Foods, Inc.
SUPERVALU (SVU)
Last supervalu earnings: 7/26 07:39 am
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supervaluinvestors.com
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Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU INC. (NYSE: SVU) (“SUPERVALU”) announced that at a special meeting of stockholders held today, stockholders of SUPERVALU approved the proposed acquisition of SUPERVALU by United Natural Foods, Inc. (NASDAQ: UNFI) (“UNFI”). At the special meeting, approximately 80.82% of the shares of SUPERVALU common stock outstanding and entitled to vote adopted the previously announced merger agreement among SUPERVALU, UNFI, SUPERVALU Enterprises, Inc. and Jedi Merger Sub, Inc., a direct, wholly owned subsidiary of UNFI. These shares represent approximately 97.56% of the shares voted at the special meeting. The transaction remains subject to customary closing conditions. SUPERVALU expects the transaction to close on October 22, 2018. About SUPERVALU SUPERVALU INC. is one of the largest grocery wholesalers and retailers in the United States with annua
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