MINNEAPOLIS -- Supervalu here completed its divestiture of Green Bay, Wis.-based ShopKo Stores last Wednesday, raising $305 million in the process. The company said it used the proceeds to repurchase 6.9 million of its own common shares. upervalu received net proceeds from the transaction of $155 million, after underwriting expenses, which it immediately used to buy back its own shares. Supervalu also completed a linked sale on Wednesday of 8,174,387 shares back to ShopKo for the ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.