UNFI

United Natural Foods, Inc.

41.25
USD
1.85%
41.25
USD
1.85%
30.61 57.89
52 weeks
52 weeks

Mkt Cap 2.33B

Shares Out 56.45M

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SpartanNash jumps on report of takeover offers

United Natural Foods (UNFI) is exploring an offer for the whole company, while Oak Street is interested in buying real estate from the company worth up to $1 billion, according to a Reuters report. There's no certainty that a deal will happen. The report comes as activists Macellum Advisors and Ancora Holdings last month nominated three directors for the SPTN board and are pushing for the food distributor to start a review of strategic alternatives. The activists collectively own a 4.5% stake in SpartanNash. Macellum Advisors and Ancora Holdings have argued SPTN may be worth about $50/SHARE in a takeout based on sum-of-the-parts. Also see from earlier Tuesday, US Foods (USFD) feels the activist heat again.

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