SUPERVALU INC., Minneapolis, entered into an agreement with Blackwells Capital, New York, where Blackwells withdraws its director nominees and votes all of its shares in support of SUPERVALU’s full slate of directors.
“We are pleased to have reached this agreement with Blackwells, as we may now dedicate our full attention to continuing to operate our business and to completing the transaction with UNFI, which delivers a substantial premium and immediate and certain value to our stockholders,” says Donald Chappel, chairman of the board.
