SVU), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=SVU. The Company announced on October 18, 2017, that it has signed an agreement to acquire Associated Grocers of Florida, Inc., a retailer-owned cooperative. The acquisition is valued approximately $180 million. The Board of Directors of both Companies have already given their approval to the deal. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SVU. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=SVU

Details of the Deal

Once the deal is completed, Associated Grocers will become a wholly-owned subsidiary of SUPERVALU. The transaction is expected to close in Q4 2017 and is subject to approvals from shareholders and other closing conditions. The other terms of the agreement were not disclosed any of the companies.

The acquisition will allow SUPERVALU to expand its business across South Florida, the Caribbean, and other international markets, where Associated Grocers already has an established customer base. As part of the transaction, SUPERVALU has a long-term supply agreement with Associated Grocers' largest customer which will be effective immediately on the closing of the current deal.

Sharing his views on the acquisition, Mark Gross, President and CEO of SUPERVALU, said:

"Associated Grocers represents a great opportunity for us to further expand our wholesale business into another important region. We believe SUPERVALU is uniquely positioned to be the supplier of choice across the grocery industry and this acquisition is another example of how we're delivering on our growth strategy."

Christopher Miller, President of Associated Grocers, added:

"Being a part of SUPERVALU will provide us with access to resources, products, services and overall capabilities that are essential to helping us continue to provide top-notch support to our customers. SUPERVALU and Associated Grocers share a common dedication and commitment to the independent retailer and together we'll be in a great position to provide opportunities, innovation and increased value to our customers, both domestically and in foreign markets."

How SUPERVALU benefits from the acquisition

Associated Grocers' has an established customer base in South Florida, the Caribbean, Central and South America, and Asia which include conventional, specialty and ethnic stores plus a mix of multi-cultural independent grocers. This complements the SUPERVALU's customer base. SUPERVALU believes that the merged Company would be able to reach a wider customer base and offer an extensive range of value-added services. This will help both Associated Grocers and SUPERVALU to hold on to their customers at the same time thrive in challenging grocery market. According to an estimate by SUPERVALU, Associated Grocers' revenues were approximately $650 million in the last fiscal year ended on July 29, 2017.

SUPERVALU's Q2 Performance for Fiscal Year 2018

In a separate announcement on the same day, SUPERVALU shared its financial performance for Q2 FY18. The Company's net sales in Q2 fiscal 2018 was $3.80 billion, which was $995 million, or 35% higher than the net sales in the same period in the last year. The gross profit for Q2 FY18 was $428 million, or 11.3% of net sales. The Company also reported a net loss of $25 million from continuing operations in the same period, which included a $27 million after-tax asset impairment charge and $16 million of after-tax merger and integration costs. The net earnings from continuing operations, after all considerations, in Q2 FY18 was $18 million, or $0.46 per diluted share.

About SUPERVALU

Minneapolis, Minnesota based SUPERVALU® is one of the largest grocery wholesalers and retailers in the US. The Company reaches out to its customers across the US via a network of 3,337 stores as on September 09, 2017. These include 3,120 wholesale primary stores operated by customers serviced by SUPERVALU's food distribution business and 217 traditional retail grocery stores operated under five retail banners in six geographic regions.

The Company has annual sales of approximately $16 billion and is supported by a team of approximately 31,000 employees.

About Associated Grocers of Florida

Pompano Beach, Florida based Associated Grocers of Florida, Inc. was founded in 1945 and is a Food Retail Distribution Company offering member-retailers a complete line of products, including Grocery, Frozen, Dairy, Meat, Produce, HBC, and General Merchandise, and services designed to offer further support to these stores. Associated Grocers caters to both independent retailers and regional chains across Florida, Central America, South America, and Caribbean countries. The Company owns approximately 1.5 million square feet of real estate and operates two distribution centers. The Company is supported by a team of over 650 employees.

Last Close Stock Review

On Thursday, October 19, 2017, SUPERVALU's stock closed the trading session at $15.70, dropping 8.13% from its previous closing price of $17.09. A total volume of 5.04 million shares were exchanged during the session, which was above the 3-month average volume of 798.74 thousand shares. Shares of the Company have a PE ratio of 40.57 and currently have a market cap of $598.86 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478360

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Featured Company News – SUPERVALU Acquires Associated Grocers of Florida In A $180 Million Deal

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for SUPERVALU INC. (NYSE: SVU), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=SVU. The Company announced on October 18, 2017, that it has signed an agreement to acquire Associated Grocers of Florida, Inc., a retailer-owned cooperative. The acquisition is valued approximately $180 million. The Board of Directors of both Companies have already given their approval to the deal. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SVU. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=SVU

Details of the Deal

Once the deal is completed, Associated Grocers will become a wholly-owned subsidiary of SUPERVALU. The transaction is expected to close in Q4 2017 and is subject to approvals from shareholders and other closing conditions. The other terms of the agreement were not disclosed any of the companies.

The acquisition will allow SUPERVALU to expand its business across South Florida, the Caribbean, and other international markets, where Associated Grocers already has an established customer base. As part of the transaction, SUPERVALU has a long-term supply agreement with Associated Grocers' largest customer which will be effective immediately on the closing of the current deal.

Sharing his views on the acquisition, Mark Gross, President and CEO of SUPERVALU, said:

"Associated Grocers represents a great opportunity for us to further expand our wholesale business into another important region. We believe SUPERVALU is uniquely positioned to be the supplier of choice across the grocery industry and this acquisition is another example of how we're delivering on our growth strategy."

Christopher Miller, President of Associated Grocers, added:

"Being a part of SUPERVALU will provide us with access to resources, products, services and overall capabilities that are essential to helping us continue to provide top-notch support to our customers. SUPERVALU and Associated Grocers share a common dedication and commitment to the independent retailer and together we'll be in a great position to provide opportunities, innovation and increased value to our customers, both domestically and in foreign markets."

How SUPERVALU benefits from the acquisition

Associated Grocers' has an established customer base in South Florida, the Caribbean, Central and South America, and Asia which include conventional, specialty and ethnic stores plus a mix of multi-cultural independent grocers. This complements the SUPERVALU's customer base. SUPERVALU believes that the merged Company would be able to reach a wider customer base and offer an extensive range of value-added services. This will help both Associated Grocers and SUPERVALU to hold on to their customers at the same time thrive in challenging grocery market. According to an estimate by SUPERVALU, Associated Grocers' revenues were approximately $650 million in the last fiscal year ended on July 29, 2017.

SUPERVALU's Q2 Performance for Fiscal Year 2018

In a separate announcement on the same day, SUPERVALU shared its financial performance for Q2 FY18. The Company's net sales in Q2 fiscal 2018 was $3.80 billion, which was $995 million, or 35% higher than the net sales in the same period in the last year. The gross profit for Q2 FY18 was $428 million, or 11.3% of net sales. The Company also reported a net loss of $25 million from continuing operations in the same period, which included a $27 million after-tax asset impairment charge and $16 million of after-tax merger and integration costs. The net earnings from continuing operations, after all considerations, in Q2 FY18 was $18 million, or $0.46 per diluted share.

About SUPERVALU

Minneapolis, Minnesota based SUPERVALU® is one of the largest grocery wholesalers and retailers in the US. The Company reaches out to its customers across the US via a network of 3,337 stores as on September 09, 2017. These include 3,120 wholesale primary stores operated by customers serviced by SUPERVALU's food distribution business and 217 traditional retail grocery stores operated under five retail banners in six geographic regions.

The Company has annual sales of approximately $16 billion and is supported by a team of approximately 31,000 employees.

About Associated Grocers of Florida

Pompano Beach, Florida based Associated Grocers of Florida, Inc. was founded in 1945 and is a Food Retail Distribution Company offering member-retailers a complete line of products, including Grocery, Frozen, Dairy, Meat, Produce, HBC, and General Merchandise, and services designed to offer further support to these stores. Associated Grocers caters to both independent retailers and regional chains across Florida, Central America, South America, and Caribbean countries. The Company owns approximately 1.5 million square feet of real estate and operates two distribution centers. The Company is supported by a team of over 650 employees.

Last Close Stock Review

On Thursday, October 19, 2017, SUPERVALU's stock closed the trading session at $15.70, dropping 8.13% from its previous closing price of $17.09. A total volume of 5.04 million shares were exchanged during the session, which was above the 3-month average volume of 798.74 thousand shares. Shares of the Company have a PE ratio of 40.57 and currently have a market cap of $598.86 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478360

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for SUPERVALU INC. (NYSE: SVU), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=SVU. The Company announced on October 18, 2017, that it has signed an agreement to acquire Associated Grocers of Florida, Inc., a retailer-owned cooperative. The acquisition is valued approximately $180 million. The Board of Directors of both Companies have already given their approval to the deal. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SVU. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=SVU

Details of the Deal

Once the deal is completed, Associated Grocers will become a wholly-owned subsidiary of SUPERVALU. The transaction is expected to close in Q4 2017 and is subject to approvals from shareholders and other closing conditions. The other terms of the agreement were not disclosed any of the companies.

The acquisition will allow SUPERVALU to expand its business across South Florida, the Caribbean, and other international markets, where Associated Grocers already has an established customer base. As part of the transaction, SUPERVALU has a long-term supply agreement with Associated Grocers' largest customer which will be effective immediately on the closing of the current deal.

Sharing his views on the acquisition, Mark Gross, President and CEO of SUPERVALU, said:

"Associated Grocers represents a great opportunity for us to further expand our wholesale business into another important region. We believe SUPERVALU is uniquely positioned to be the supplier of choice across the grocery industry and this acquisition is another example of how we're delivering on our growth strategy."

Christopher Miller, President of Associated Grocers, added:

"Being a part of SUPERVALU will provide us with access to resources, products, services and overall capabilities that are essential to helping us continue to provide top-notch support to our customers. SUPERVALU and Associated Grocers share a common dedication and commitment to the independent retailer and together we'll be in a great position to provide opportunities, innovation and increased value to our customers, both domestically and in foreign markets."

How SUPERVALU benefits from the acquisition

Associated Grocers' has an established customer base in South Florida, the Caribbean, Central and South America, and Asia which include conventional, specialty and ethnic stores plus a mix of multi-cultural independent grocers. This complements the SUPERVALU's customer base. SUPERVALU believes that the merged Company would be able to reach a wider customer base and offer an extensive range of value-added services. This will help both Associated Grocers and SUPERVALU to hold on to their customers at the same time thrive in challenging grocery market. According to an estimate by SUPERVALU, Associated Grocers' revenues were approximately $650 million in the last fiscal year ended on July 29, 2017.

SUPERVALU's Q2 Performance for Fiscal Year 2018

In a separate announcement on the same day, SUPERVALU shared its financial performance for Q2 FY18. The Company's net sales in Q2 fiscal 2018 was $3.80 billion, which was $995 million, or 35% higher than the net sales in the same period in the last year. The gross profit for Q2 FY18 was $428 million, or 11.3% of net sales. The Company also reported a net loss of $25 million from continuing operations in the same period, which included a $27 million after-tax asset impairment charge and $16 million of after-tax merger and integration costs. The net earnings from continuing operations, after all considerations, in Q2 FY18 was $18 million, or $0.46 per diluted share.

About SUPERVALU

Minneapolis, Minnesota based SUPERVALU® is one of the largest grocery wholesalers and retailers in the US. The Company reaches out to its customers across the US via a network of 3,337 stores as on September 09, 2017. These include 3,120 wholesale primary stores operated by customers serviced by SUPERVALU's food distribution business and 217 traditional retail grocery stores operated under five retail banners in six geographic regions.

The Company has annual sales of approximately $16 billion and is supported by a team of approximately 31,000 employees.

About Associated Grocers of Florida

Pompano Beach, Florida based Associated Grocers of Florida, Inc. was founded in 1945 and is a Food Retail Distribution Company offering member-retailers a complete line of products, including Grocery, Frozen, Dairy, Meat, Produce, HBC, and General Merchandise, and services designed to offer further support to these stores. Associated Grocers caters to both independent retailers and regional chains across Florida, Central America, South America, and Caribbean countries. The Company owns approximately 1.5 million square feet of real estate and operates two distribution centers. The Company is supported by a team of over 650 employees.

Last Close Stock Review

On Thursday, October 19, 2017, SUPERVALU's stock closed the trading session at $15.70, dropping 8.13% from its previous closing price of $17.09. A total volume of 5.04 million shares were exchanged during the session, which was above the 3-month average volume of 798.74 thousand shares. Shares of the Company have a PE ratio of 40.57 and currently have a market cap of $598.86 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478360

Source URL: https://marketersmedia.com/featured-company-news-supervalu-acquires-associated-grocers-of-florida-in-a-180-million-deal/253094

Source: AccessWire

Release ID: 253094


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