SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, has agreed to acquire 22 Food Lion grocery stores being sold in connection with the merger between Ahold and Delhaize. The 22 Food Lion stores are located in northern West Virginia, western Maryland, south central Pennsylvania and northwestern Virginia. Terms were not disclosed.
The acquired stores will be converted to SUPERVALU’s Shop ‘N Save format and at least initially be operated by SUPERVALU. SUPERVALU is in discussions some of its wholesale customers and the Federal Trade Commission on ways for its wholesale customers to have an interest in these stores going forward.
