Jewel-Osco parent shares tumble
Shares of Supervalu shed nearly half their value, falling to an all-time on Thursday after the grocery store chain reported dismal first-quarter results and said it is considering options for the business, which may include putting itself up for sale.
Supervalu, which owns Albertsons, Jewel-Osco and Save-A-Lot, lost $2.60 to close at $2.69 at the end of trading Thursday.
Its previous all-time low was $4.05, reached on June 11.
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