Supervalu Continues To Prepare For Possible Separation Of Its Save-A-Lot Business
SUPERVALU INC. reaffirmed that it is preparing for a separation of its Save-A-Lot business. As part of that process, SUPERVALU has pursued and continues to pursue a spin-off of Save-A-Lot, as described in the preliminary Information Statements on Form 10 filed with the U.S. Securities and Exchange Commission. SUPERVALU is, however, prepared to consider other alternatives to improve stockholder value, and in this regard is also evaluating a possible sale of Save-A-Lot. …