MINNEAPOLIS--(BUSINESS WIRE)--Nov. 29, 2012--
SUPERVALU INC. (NYSE: SVU) today confirmed that the previously announced
review of strategic alternatives is proceeding. The company continues to
be in active discussion with several parties. There can be no assurance
that this process will result in any transaction or any change in the
Company’s overall structure or its business model.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery
channel with annual sales of approximately $35 billion. SUPERVALU serves
customers across the United States through a network of approximately
4,400 stores composed of 1,099 traditional retail stores, including 797
in-store pharmacies; 1,341 Save-A-Lot stores, of which 943 are operated
by licensee owners; and 1,950 independent stores serviced primarily by
the Company's food distribution business. SUPERVALU has approximately
125,000 employees. For more information about SUPERVALU visit www.supervalu.com.
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Source: SUPERVALU INC.
Mike Siemienas, 952-828-4245