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MINNEAPOLIS -- Supervalu is now one step closer to purchasing Total Logistics, having passed all necessary waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Supervalu's tender offer for $28.50 per share continues to be subject to other conditions set forth in the tender offer statement and related offering materials. The tender offer will expire at midnight EST February 4, unless extended.
As previously announced, the board of directors of Total Logistics, Inc. has unanimously approved the merger agreement and recommends that Total Logistics shareholders accept the offer and tender their shares.