United Natural Foods, Whole Foods’ biggest supplier, announced on Thursday that it will be acquiring SuperValu, a grocery industry leader, for $2.9 billion. The company will be paying $32.50 a share for SuperValu, representing a 67% premium from the stock’s closing price on Wednesday. Whole Foods accounts for roughly 33% of United Natural Food’s business. … Continue reading “United Natural Foods to Buy SuperValu for $2.9 Billion”
