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Fundamental Review for SUPERVALU Inc.

Publication: M2 Presswire
Publication Date: 11-APR-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-11 April 2007-Blue Chip News: Fundamental Review for SUPERVALU Inc.(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:11042007

SUPERVALU is feeling pretty super following the acquisition of more than 1,100 supermarkets from fallen grocery giant Albertsons (formerly Albertson's, Inc.). Its purchase of the Albertson's stores catapulted the chain from ninth to third-place in the US retail grocery market with some 2,500 stores nationwide. SUPERVALU is also one of the nation's largest food wholesalers, supplying about 2,200 grocery stores in 48 states with brand-name and private-label goods. The deal added half a dozen new banners, including Albertson's, Acme Markets, and Shaw's to SUPERVALU'S store roster (which includes Shoppers Food & Pharmacy, Cub Foods, Shop 'n Save). SUPERVALU also bought Albertson's in-store pharmacy operations.

Shares were down 2% cut by HSBC.

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An HSBC...



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