Save-A-Lot files for potential spin-off

Save-A-Lot files for potential spin-off

Supervalu on Thursday informed shareholders and federal authorities of its intention to spin off its Save-A-Lot discount division to a publicly traded company that will be controlled by at least 80.1% by Supervalu shareholders.

“We believe that separating Save-A-Lot from Supervalu so that it can operate as an independent, publicly traded company is in the best interests of both Supervalu and Save-A-Lot,” Sam Duncan, CE

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