SUPERVALUE has proposed turning Save-A-Lot into a stand-alone company.
An initial Form 10 Registration Statement (Form 10) has been filed to the U.S. Securities and Exchange Commission by SUPERVALU INC. in connection with the possible spin-off of its Save-A-Lot business into a separate, publicly traded company.
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 stand-alone public company. With the filing of the Form 10, SUPERVALU is continuing preparations to separate Save-A-Lot, although at this time there can be no assurances that a separation or spin-off of Save-A-Lot will occur, or that any other changes in the Company’s overall operations will happen.