Supervalu Agrees To Acquire Distributor Unified Grocers

By Wallace WitkowskiMarketsMarketWatch Pulse

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.

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