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Fly News Breaks for October 15, 2018
Oct 15, 2018 | 10:54 EDT
RBC Capital analyst William Kirk said Supervalu's (SVU) 10-Q showed that its Q2 top line and margin performance were significantly worse than anticipated and he believes at this point that United Natural Foods (UNFI) shareholders would prefer walking away from the takeover deal, but he notes that most termination rights sit with Supervalu. The analyst, who also thinks the weaker than expected earnings should "give lenders pause" with financing commitments due today, keeps Sector Perform ratings on both United Natural and Supervalu.
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