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SUPERVALU (SVU) Alert: Johnson Fistel Investigates Proposed Sale of SUPERVALU INC.; Is $ 32.50 a Fair Price?

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SUPERVALU (SVU) Alert: Johnson Fistel Investigates Proposed Sale of SUPERVALU INC.; Is $ 32.50 a Fair Price?

PR Newswire

SAN DIEGO, July 26, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of SUPERVALU INC. ("SUPERVALU") (NYSE:SVU) breached their fiduciary duties in connection with the proposed sale of the Company to United Natural Foods, Inc. ("UNFI"). SUPERVALU operates as a grocery wholesaler and retailer in the United States and internationally.

On July 26, 2018, SUPERVALU announced that it had signed a definitive merger agreement with UNFI. Under the terms of the merger agreement, UNFI will acquire SUPERVALU for $32.50 per share in cash

The investigation concerns whether the SUPERVALU board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for SUPERVALU shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given Wall Street analysts' projections for SUPERVALU's future earnings and revenue growth. Additionally, one Wall Street analyst has a $55.00 price target on the stock.

If you are a shareholder of SUPERVALU  and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. Additionally, you can [click here to join this action].There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP

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