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Coborn’s, Inc. Signs Purchase Agreement with SUPERVALU to Acquire Hornbacher’s Stores
Coborn’s, Inc. has announced it has signed a purchase agreement with SUPERVALU, a newly acquired subsidiary of United Natural Foods Inc. (UNFI), to acquire the company’s Hornbacher’s stores in the Fargo, ND-Moorhead, MN area, which includes a store that is currently under construction in West Fargo, ND. Five of the stores in operation are located in Fargo, ND and two of the stores are located in Moorhead, MN.
The Hornbacher’s locations included in the sale are:
UNFI Completes Transformative Acquisition of SUPERVALU
United Natural Foods, Inc. (NASDAQ: UNFI) ("UNFI" or the "Company") announced today it has completed the previously announced acquisition of SUPERVALU INC. for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding debt and liabilities. The completion follows the satisfaction of all closing conditions including approval of the transaction by SUPERVALU shareholders and receipt of all necessary antitrust approvals. In connection with the completion of the transaction, SUPERVALU's common stock will cease trading prior to market open on October 22, 2018 and will be delisted from the New York Stock Exchange.
"Today is an important milestone for UNFI. We will take the best from both businesses to create North America's premier food wholesaler with significant scale, reach and choices for our customers. We are pleased to welcome our new colleagues from SUPERVALU as well as their customers and suppliers to UNFI. Our companies share customer-centric cultures and dedicated associates who are committed to continuous improvement, which will help...
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