Supervalu (SVU) has filed a form for the possible spinoff of Save-A-Lot.
Supervalu filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission, which could see Save-A-Lot be separated into its own company. While this is progress toward a spinoff, there’s still no guarantee it will occur.
The Form 10 filing with the SEC can bee seen here
. It was filed on Thursday and was accepted later that day. It’s made up of 13 different documents in relation to the potential spinoff of Save-A-Lot.
Supervalu has 3,395 stores in the United States and 1,342 of them are Save-A-Lot stores. It has annual sales of $18 billion and employs 40,000 people.
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