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Activist Pushes Supervalu to Break Up, Explore Sale

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An activist investor is turning up its pressure on Supervalu Inc., planning a board fight and urging a breakup and potential sale of one of the nation’s biggest grocery companies.

Blackwells Capital LLC, which owns about 4.35% of Supervalu’s stock, privately urged the board to give it three seats and form a committee to review potentially separating Supervalu’s retail and wholesale divisions and selling the wholesale group, according to a letter it sent the board Tuesday evening.



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