Supervalu Inc. Stockholders Approve Merger With United Natural Foods, Inc. by SUPERVALU
MINNEAPOLIS –SUPERVALU INC. announced that at a special meeting of stockholders held today, stockholders of SUPERVALU approved the proposed acquisition of SUPERVALU by United Natural Foods, Inc. 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.
SUPERVALU INC. is one of the largest grocery wholesalers and retailers in the United States with annual sales of approximately $15 billion. SUPERVALU serves customers across the United States through a network of 3,606 stores composed of 3,495 wholesale primary stores operated by customers serviced by SUPERVALU’s food distribution business and 111 traditional retail grocery stores in continuing operations operated under three retail banners in three geographic regions (store counts as of June 16, 2018). Headquartered in Minnesota, SUPERVALU has approximately 23,000 employees (in continuing operations). For more information about SUPERVALU visit www.supervalu.com.