Save-A-Lot Spinoff Remains in Play

Supervalu took another step toward the divesture of its St. Louis-based Save-A-Lot subsidiary by filing amendment No. 2 to its form 10 registration statement with the U.S. Securities and Exchange Commission. Among other changes, the amendment includes updated Save-A-Lot financials, which were released at the end of July. 

While the filing is not an assurance that Supervalu will divest Save-A-Lot into a separate, publicly traded company or that any other changes in the Minneapolis-based wholesaler’s business structure, the filing, which can be found here, clears one more hurdle for what seems likely to commence in the near future.