NEW YORK - Supervalu may look for in-market acquisition opportunities, but it plans to utilize free cash flow primarily to pay down debt and work the company back to investment-grade status, Jeff Noddle, chairman and chief executive officer, told an investors meeting here last week. "That's our first priority," Noddle said at the Retail and Consumer Conference sponsored by Credit Suisse First Boston here. While he did not rule out the possibility of major acquisitions over the next few ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.