- Mexico Confirms 2 Cases of Coronavirus
- Gloria Allred Talks Weinstein Conviction, MeToo Movement
- BREAKING: 2nd Case of Coronavirus in CA with Unknown Origin
- Federal Courts Rule Against 2 Major Trump Immigration Cases
- Whistleblower Says Federal Workers Lacked Virus Protection When Assisting Evacuees
- LASD Deputies Shared Graphic Photos of Kobe Bryant, Victims' Crash Remains
- LA County Rolls Out 'Mobile Vote Centers' Ahead of Super Tuesday
- Dept of Ed Slams USC's Handling Over Gynecologist Accused of Sexual Misconduct
- Newsom Tells Feds to Send More Coronavirus Testing Kits
- Collection of Kobe Bryant Items to be Auctioned Off in April
- Dog in Hong Kong Diagnosed with Low-Level of Coronavirus
- Economy, Stocks Taking Major Hit Amid Coronavirus Outbreak
- Health Officials Announce Reports of Drug Shortages Over Virus
- BREAKING: United Airlines Suspending, Reducing Flights to Various Asian Countries
- Fox News Commentator Reveals She Has a Brain Tumor
- 38% of U.S. Beer Drinkers Say They Won't Buy Corona Amid Coronavirus Outbreak: Survey
- Researchers Find First Animal That Survives Without Oxygen
- Medical Experts Say Face Masks Aren't Best Way to Protect You from Virus
- Use This Map to See How Coronavirus Is Spreading Around the World
- CDC Releases Graphic Showing Best Facial Hair for Face Masks Amid Coronavirus Outbreak
- Sofia Vergara Joins 'America's Got Talent' as New Judge, Heidi Klum to Return
- Weinstein Accuser Rose McGowan Speaks to Ronan Farrow in 'Catch and Kill' Podcast Bonus Episode
- Remembering the Father of Black History Month, Dr. Carter G. Woodson
- Quiz: What Show Should You Binge This March on Netflix?
- 'The Amazing Race' Production Suspended Over Coronavirus Concerns
- Vanessa Bryant Reacts to Sister-in-Law's Tattoo Honoring Kobe and Gianna
- Pope Francis Falls Ill Amid Coronavirus Scare in Italy
- The Best Episodes of 'Everybody Loves Raymond'
- How to Avoid Misinformation as Coronavirus Spreads
- 'Wheel of Fortune' Contestant Leaves Pat Sajak Stunned With Impressive 2-Letter Solve
United Natural Foods to buy Supervalu for $1.26 billion
United Natural Foods is buying Supervalu for $1.26 billion, creating a grocery food wholesaler with a diverse customer base.
United Natural Foods of Providence, Rhode Island, said Thursday it's paying $32.50 per share in cash, or a premium of 67 percent, for each share of Supervalu Inc. Including the assumption of debt, the deal is valued at nearly $3 billion.
Over time, the company will divest Supervalu's retail operations, which operate under names including Cub Foods and Hornbacher's.
Minneapolis-based Supervalu reported separately that quarterly sales rose 35 percent, with wholesale sales up 49 percent. The company swung to a first-quarter loss of $21 million, or 70 cents per share.
In premarket trading, Supervalu shares soared 63 percent to $31.85. The stock had been down 22 percent in the past year.