Grocery’s New Deal
United Natural Foods Inc. is set to buy Supervalu Inc. for about $2.9 billion.
United Natural Foods, a distributor of natural and organic foods to several grocery chains including Amazon’s Whole Foods Market, has offered $32.50 a share in cash for Supervalu. The per-share acquisition price is at 67% premium to Supervalu’s closing price on Wednesday.
Largely a grocery wholesaler, Supervalu supplies its products to more than 1,800 stores and operates in around 200 locations. United Natural Foods currently distributes more than 110,000 products to more than 43,000 customer locations - the acquisition can be expected to bolster its market network even more.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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