Published April 10, 2017 5:53pm EDT | Updated April 10, 2017 6:03pm EDT

Supervalu Agrees To Acquire Distributor Unified Grocers

Supervalu Inc. said late Monday it will acquire grocery distributor Unified Grocers for $114 million. Under the agreement, approved by both company boards, Supervalu will also assume and pay off $261 million in United Grocer debt. The companies expect the deal to close in the mid-to-late summer. Shares of Supervalu rose 2.6% to $3.89 after hours.