SUPERVALU INC. (NYSE:SVU) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01. Completion of Acquisition or Disposition of Assets.
On December8, 2017, SUPERVALU INC. (“Supervalu”) completed the acquisition of Associated Grocers of Florida, Inc. (“AG”), to the terms of the previously announced Agreement and Plan of Merger dated October17, 2017 (the “Merger Agreement”) by and among Supervalu, Gator Merger Sub Inc., a wholly owned subsidiary of Supervalu (“Merger Sub”), and AG. Supervalu acquired AG in a transaction valued at approximately $193 million.
At the closing of the transaction, Merger Sub merged with and into AG. As a result of the transaction, AG became a wholly owned subsidiary of Supervalu and the shares of AG were converted into the right to receive cash consideration from Supervalu.
The foregoing description of the Merger Agreement does not purport to be complete, and is qualified in its entirety by reference to the full text of the Merger Agreement, which was filed as Exhibit 2.1 to the Quarterly Report on Form 10‑Q for the quarter ended September9, 2017 filed by Supervalu with the Securities and Exchange Commission on October18, 2017.
Item 8.01. Other Events.
On December8, 2017, Supervalu issued a press release announcing the completion of the acquisition, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
In accordance with Item 9.01(a)(4), the financial statements required by Item 9.01(a) of Form 8-K will be filed by amendment to this Current Report on Form 8-K no later than February23, 2018, the last business day within 71 calendar days after the required filing date for the relevant items of this Current Report on Form 8-K.
(b) Pro Forma Financial Information.
to Item 9.01(b)(2), the pro forma financial information required by Item 9.01(b) of Form 8-K will be filed by amendment to this Current Report on Form 8-K no later than February23, 2018, the last business day within 71 calendar days after the required filing date for the relevant items of this Current Report on Form 8-K.
(c) Not applicable.
SUPERVALU INC ExhibitEX-99.1 2 f18associatedgrocersofflor.htm EX 99.1 Exhibit Exhibit 99.1SUPERVALU Completes Acquisition of Associated Grocers of FloridaMINNEAPOLIS,…To view the full exhibit click
About SUPERVALU INC. (NYSE:SVU)
Supervalu Inc. is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers. The Company’s Wholesale segment provides wholesale distribution of products to independent retail customers. Wholesale is organized and operated through two geographic regions: East and West. As of February 27, 2016, the Company conducted its Retail operations through a total of 200 stores primarily organized under five regionally-based retail banners of Cub Foods, Shoppers Food & Pharmacy, Shop ‘n Save, Farm Fresh and Hornbacher’s, as well as two Rainbow and two County Market stores.