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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:36 EDTSVUSuperValu announces plans for streamlined independent business operation
SuperValu announced plans for a streamlined independent business organization. As part of the new structure, SuperValuís independent business will consolidate from three regions to two regions, forming new East and West teams. The new East and West independent business regions will be located in Mechanicsville, VA and Hopkins, MN. SuperValu has named Kevin Kemp president of the East region and Bill Chew president of the West region.
News For SVU From The Last 14 Days
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December 19, 2014
16:23 EDTSVUSupervalu to provide distribution, transition services to Haggen
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16:08 EDTSVUSafeway, Albertsons confirm agreements to sell 168 stores to four buyers
AB Acquisition LLC and Safeway (SWY) announced that they have entered into agreements, subject to approval by the Federal Trade Commission to sell 168 stores across eight states to four buyers: Associated Food Stores will purchase eight stores in Montana and Wyoming; Associated Wholesale Grocers / Minyards will purchase 12 stores in Texas; SUPERVALU (SVU) will purchase two stores in Washington; and Haggen will purchase 146 stores across Arizona, California, Nevada, Oregon and Washington. Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies' proposed merger, which was announced in March and is expected to close in January 2015. The purchase agreements with the four buyers are all subject to approval by the FTC. Under the terms of the purchase agreements, the buyers will acquire the stores, equipment and inventory, and they intend to hire most, if not all, of the store employees upon the closing of the purchase of the stores.
December 9, 2014
10:23 EDTSVUOn The Fly: Analyst Downgrade Summary
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06:23 EDTSVUSupervalu downgraded after share outperformance at Oppenheimer
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05:54 EDTSVUSupervalu downgraded to Perform from Outperform at Oppenheimer
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