Today it was announced Minnesota-based Supervalu has agreed to be acquired, finally throwing in the towel after years of blunders and more recently (after it was finally back in good working order) months of attack by dissident shareholders trying to take control of its board next month. It agreed to be acquired for $2.9 billion, marking yet another loss of a major Minnesota-based company within the last few years.
This story from CNBC does a good job of providing perspective as to why United Natural Foods decided to agree to purchase the company.
