Supervalu has announced an extension of its offer to purchase any and all outstanding 7.25% Hybrid Income Term Security Units held in the form of corporate units of its wholly owned subsidiary New Albertson’s.
The offer, at a purchase price in cash of US$25.22 per corporate unit, will be extended from 5.00pm to midnight, New York City time, on 20 November 2006, unless further extended or earlier terminated by the US retailer.
The extension of the offer, along with additional information relating to the offer, will be filed by the Securities and Exchange Commission today (6 November).
Supervalu said the change was made in order to ensure that the offer is open to holders of the corporate units for a sufficient period of time from commencement, in accordance with regulations of the commission.
