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Supervalu investor wants an overhaul

May 30, 2018 - Star Tribune (Minneapolis, Minnesota)

The activist investor seeking strategic changes at Supervalu Inc. on Tuesday nominated six outside directors to be voted on by shareholders at the company's annual meeting.

The move by Blackwells Capital LLC is the most aggressive yet since it revealed last fall that it had taken a sizable stake in the Eden Prairie-based grocery wholesaler and retailer, whose chains include Cub Foods, the market leader in the Twin Cities.

The investment firm last October urged Supervalu to sell at le...