Supervalu continues to take steps to spin-off Save-A-Lot

Eden Prairie, Minn.-based Supervalu Inc., parent company of Save-A-Lot Inc., St. Louis, said it filed Amendment No. 1 to its Form 10 Registration Statement with the U.S. Securities and Exchange Commission in connection with the possible spin-off of Save-A-Lot into a separate, publicly traded company. Among other changes, the amendment includes Save-A-Lot’s recent financial results and details the company’s current expectations that immediately following a spin-off, Supervalu stockholders would directly own approximately 60 percent of the outstanding shares of common stock of Save-A-Lot, and that Supervalu would retain approximately 40 percent of the outstanding shares of common stock of Save-A-Lot.

Supervalu announced in July 2015 that it was exploring a separation of its Save-A-Lot business and that, as part of that process, it had begun preparations to allow for a possible spin-off of Save-A-Lot into a standalone public company. With the filing of Amendment No. 1 to the Form 10, Supervalu said it is continuing preparations to separate Save-A-Lot.