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Blackwells Capital Announces Intention to Nominate Directors at Supervalu in Letter to Board

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Letter outlines Company’s “disastrous” performance and current Board’s inability to represent shareholders’ interest or provide meaningful oversight Detailed analysis of Supervalu’s operations, strategy and finances available at www.savesupervalu.com Blackwells believes there are opportunities to unlock significant value for all shareholders 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 ...

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