Supervalu Jumps As Discount Grocery Spinoff Mulled

Supervalu (SVU) shares are soaring after the grocery wholesaler and retailer said that it is exploring a sale of its Save-A-Lot business. The company also topped fiscal first-quarter forecasts. Supervalu has almost 3,600 stores, over half of which are part of its food distribution business. There are over 1,300 Save-A-Lot discount grocery stores across the country. "We believe a separation of our Save-A-Lot business could allow Save-A-Lot, our

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