On or around 10/22/2018 (Notice of voluntarily dismissal)
Filing Date: August 24, 2018
According to the Complaint, SUPERVALU, Inc. ("SUPERVALU" or the "Company") operates a chain of supermarkets and pharmacies as well as provides supply chain services throughout the United States.
On July 25, 2018, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which SUPERVALU’s stockholders will receive $32.50 in cash for each share of SUPERVALU common stock they hold (the “Merger Consideration”).
The Complaint alleges that on August 21, 2018, in order to convince SUPERVALU shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Proxy Statement on Schedule 14A (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.
This case was voluntarily dismissed on October 22, 2018.
Company & Securities Information
Defendant: SUPERVALU, Inc.
Industry: Retail (Grocery)
Headquarters: United States
Ticker Symbol: SVU
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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