Blackwells Capital Announces Intention to Nominate Directors at Supervalu in Letter to Board
NEW YORK–(BUSINESS WIRE)–Blackwells Capital LLC (“Blackwells”), an alternative investment management firm, today sent a letter to the Board of Directors (the “Board”) of Supervalu Inc. (NYSE: SVU) (“Supervalu” or the “Company”) announcing its intention to submit director nominations to the Board in connection with the Company’s 2018 annual meeting of shareholders. Blackwells also released a presentation detailing its analysis of Supervalu’s operations, strategy and finances and a plan to unlock significant value, available at www.savesupervalu.com. With ownership representing approximately 4.35% of Supervalu’s common stock and equivalents, Blackwells ranks among the Company’s largest shareholders.