Supervalu Inc. has mailed its previously announced letter to stockholders ahead of the company’s upcoming annual meeting being held on Aug. 16. In the letter, Supervalu reiterates that its board has been “a significant agent of change to improve Supervalu’s performance and deliver enhanced value to our stockholders.” The company highlights the board’s grocery industry experience […]
Tag: Blackwells Capital
Posted inMidwest, Executive News, Home Page Latest News, Industry News, Wholesaler/Distributor News
Supervalu Releases Investor Presentation Ahead Of Annual Meeting
Supervalu Inc. has released an investor presentation in connection with the company’s upcoming annual meeting of stockholders, to be held on Aug. 16. The presentation highlights Supervalu’s transformation plan, its efforts to position the company for success in an evolving market, and its management team’s qualifications. Supervalu’s transformation plan ‘well under way and delivering results’ For […]
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Supervalu Letter Urges Stockholders Not To Vote For Blackwell Nominees
Supervalu Inc. today revealed plans to mail a letter to its stockholders in connection with the company’s upcoming stockholders meeting, scheduled for Aug. 16. Supervalu’s board of directors is urging stockholders to vote for all nine of the company’s director candidates—as opposed to the six candidates nominated by activist investor Blackwells Capital LLC. Stockholders of record […]
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Recommended: Supervalu Is Working With Adviser On Possible Sale
Retailer Supervalu Inc. is working with an adviser to consider options including a potential sale, according to people familiar with the matter. Supervalu is mainly a grocery wholesaler, providing products to more than 1,800 stores. The company also operates almost 200 locations after selling most of its brick-and-mortar operations in recent years. Its private label […]
Posted in, Corporate Store News, Home Page Latest News, Industry News, Midwest, Store News, Wholesaler/Distributor News
Blackwells Capital Nominates Six For Supervalu Board Of Directors
Blackwells Capital LLC, an alternative investment management firm with ownership representing an approximately 4.9 percent interest in Supervalu Inc., has nominated six independent candidates for election to Supervalu’s board of directors at the upcoming 2018 Annual Meeting of Shareholders. On March 20, Blackwells submitted a broad slate of independent nominees “given the significant destruction of […]