SUPERVALU Launches Tender Offer for Total Logistics, Inc.
2005年1月7日 - 10:00PM
PRニュース・ワイアー (英語)
SUPERVALU Launches Tender Offer for Total Logistics, Inc.
MINNEAPOLIS, Jan. 7 /PRNewswire-FirstCall/ -- SUPERVALU INC.
(NYSE:SVU) announced today that one of its wholly owned
subsidiaries has commenced a previously announced tender offer for
all of the outstanding shares of common stock of Total Logistics,
Inc. (NASDAQ:TLCX) at $28.50 per share, net to seller, in cash. The
tender offer is being made pursuant to an Agreement and Plan of
Merger, dated as of January 4, 2005 among SUPERVALU INC., Total
Logistics, Inc. and SUPERVALU's subsidiary. The tender offer will
expire at 12:00 midnight EST, February 4, 2005, unless extended.
The offer is conditioned upon, among other things, there being
validly tendered and not withdrawn more than 75 percent of shares
outstanding of Total Logistics, Inc., on a fully diluted basis.
Wells Fargo Bank, N.A. is the Depository, Lazard Freres & Co.
LLC is the Dealer Manager and Innisfree M&A Incorporated is the
Information Agent for the tender offer. This announcement is
neither an offer to purchase nor a solicitation of an offer to sell
shares of Total Logistics, Inc. SUPERVALU is filing a tender offer
statement today with the Securities and Exchange Commission (SEC)
and Total Logistics, Inc. is filing a solicitation/recommendation
statement with respect to the offer. Total Logistics, Inc.
shareholders are advised to read the tender offer statement
regarding the acquisition of Total Logistics, Inc. referenced in
this news release, and the related solicitation/recommendation
statement. The tender offer statement and the
solicitation/recommendation statement contain important
information, which should be read carefully before any decision is
made with respect the offer. These documents will be made available
to all shareholders of Total Logistics, Inc. service at no expense
to them. These documents will also be available at no charge on the
SEC's web site at http://www.sec.gov/ . About SUPERVALU INC.
Celebrating its 135th year of fresh thinking, SUPERVALU INC., a
Fortune 100 company, is one of the largest companies in the United
States grocery channel. With annual revenues of approximately $20
billion, SUPERVALU holds leading market share positions across the
U.S. with its more than 1,500 retail grocery locations, including
licensed Save-A-Lot locations. With its Save-A- Lot format, the
company holds the number one market position in the extreme value
grocery retail sector. Through SUPERVALU's geographically diverse
distribution network, the company provides distribution and related
logistics support services to nearly 4,500 grocery retailers across
the nation. In addition, SUPERVALU's third-party logistics business
provides end-to-end supply chain management solutions that deliver
value for manufacturers, consumer products retailers and food
service customers. SUPERVALU currently has more than 55,000
employees. For more information about SUPERVALU visit
http://www.supervalu.com/ . DATASOURCE: SUPERVALU INC. CONTACT:
Lynne High, Media, +1-952-828-4515, , or Yolanda Scharton,
Investors, +1-952-828-4540, , both of SUPERVALU INC. Web site:
http://www.supervalu.com/
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