United Natural Foods completed the acquisition of SuperValu for $2.9bn.

United Natural Foods, a distributor of natural and organic foods, completed the acquisition of SuperValu, one of the largest grocery wholesalers and retailers in the US, for $32.50 per share in cash, or approximately $2.9bn, including the assumption of outstanding debt and liabilities. The completion follows the satisfaction of all closing conditions including approval of the transaction by SUPERVALU shareholders and receipt of all necessary antitrust approvals. In connection with the completion of the transaction, SUPERVALU's common stock will cease trading prior to market open on October 22, 2018, and will be delisted from the New York Stock Exchange "We are pleased to welcome our new colleagues from SUPERVALU as well as their customers and suppliers to UNFI. Our companies share customer-centric cultures and dedicated associates who are committed to continuous improvement, which will help drive our integration programs," Steve Spinner, UNFI Chairman, and CEO.