Supervalu to buy Unified Grocers: CORRECTED
Supervalu Inc said April 10 that it has agreed to buy Unified Grocers in a deal valued at about $375 million. The $375 million transaction includes about $114 million cash for all of Unified Grocers stock plus the assumption of about $261 million in net debt. Unified Grocers, of Commerce, California, is a retailer-owned wholesale grocery distributor that supplies independent retailers throughout the western United States. RBC Capital Markets LLC acted as Supervalu’s financial advisor, while Faegre Baker Daniels LLP and Cleary Gottlieb Steen & Hamilton LLP was their legal counsel. Moelis & Company LLC acted as financial advisor to Unified Grocers and Sullivan & Cromwell LLP acted as Unified’s legal counsel. CORRECTION: A prior version of this story said that Supervalu is a portfolio company of Cerberus Capital Management. It is not. The story has been changed.
