SUPERVALU Confirms That Review of Strategic Alternatives is Proceeding
MINNEAPOLIS -- November 29, 2012
SUPERVALU INC. (NYSE: SVU) today confirmed that the previously announced
review of strategic alternatives is proceeding.The company continues to be in
active discussion with several parties.There can be no assurance that this
process will result in any transaction or any change in the Company’s overall
structure or its business model.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery channel
with annual sales of approximately $35 billion. SUPERVALU serves customers
across the United States through a network of approximately 4,400 stores
composed of 1,099 traditional retail stores, including 797 in-store
pharmacies; 1,341 Save-A-Lot stores, of which 943 are operated by licensee
owners; and 1,950 independent stores serviced primarily by the Company's food
distribution business. SUPERVALU has approximately 125,000 employees. For more
information about SUPERVALU visit www.supervalu.com.
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