Need Help? (888) 742-5060

In The News:

Supervalu Proposes Corporate Structure Change

SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, is asking stockholders to vote on a proposal that would reorganize the company under a holding company structure that would further segregate the business’s wholesale and retail operations.

The move is in line with steps the company has taken over the past two years to strategically transform the business, the company said.

Supervalu said the holding company structure is proposed to:

  • Organize and further segregate Supervalu's wholesale and retail operations in an operationally efficient and strategic manner, including to separate the wholesale and retail operations held by Supervalu Inc., our current public company entity;

  • Facilitate the company’s previously announced strategic transformation plan to sell certain retail assets to third parties;

  • Better segregate the liabilities of the company into their respective business segments;

  • Increase Supervalu's strategic, business and financial flexibility; and

  • Enable the company to achieve its strategic transformation plan in a tax efficient manner that may facilitate the ability to utilize a material portion of Supervalu's capital loss carryforward, which could generate approximately $300 million of cash tax benefits for the Company over the next approximately 15 years.

Stockholders are asked to consider and vote on the proposal at the company’s upcoming Annual Meeting, the company said.


© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center