Supervalu to hold bigger piece of spun-off Save-A-Lot

America's Choice to become 'predominant' private brand

Supervalu will retain a 40% interest in Save-A-Lot in the company's planned spin-off of the discount division to a publicly traded, stand-alone company, the distributor said in an SEC filing late Thursday.

Previous projections made in January had Supervalu retaining only 20% of the company. However, officials several weeks ago said that retaining a greater interest would provide Supervalu with the ability to monetize t

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TAGS: News Supervalu
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