Shopko donates $981,000 to charity
GREEN BAY, Wis. — Mass merchandise chain Shopko’s philanthropic arm is donating nearly $1 million to charity organizations.
The Shopko Foundation announced Monday that it would donate $981,000 to its four grant programs: Community Charitable Grants, Green Bay Area Grants, Teammate Community Service Grants and Teammate and Family Scholarships.
"Shopko views each community where we serve our customers as our ‘hometown,’" Shopko EVP, COO and interim CEO Mike Bettiga said. "We appreciate the opportunity to serve these communities and strive to strengthen them through the Shopko Foundation’s support of charitable groups and activities that are important to the people who live and work there. We are committed to promoting healthy lifestyles and educational opportunities for our neighbors in all the communities where we serve and strive to make an impact through the Shopko Foundation."
Report: Flu vaccinations to see surge in coming decade
LONDON — Lingering fears of pandemic flu in the United States and a spike in flu activity will help to keep vaccination levels high, according to a new report.
GlobalData, a British market research firm, released a report Monday showing that seasonal influenza vaccine demand will increase from 2012’s estimated 142 million to 158 million in 2022.
The report noted that after the H1N1 pandemic caused thousands of deaths in the United States in 2009, the number of those being vaccinated every year increased from 2007’s 24% to 41% in 2010 among those ages 5 to 64 years, according to the Centers for Disease Control and Prevention.
The driver for the growth in vaccinations will be the increase in the U.S. population and the rise in those considered high-risk, such as the elderly and people with pre-existing medical conditions.
Cerberus close to acquiring parts of Supervalu
NEW YORK — The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday.
Bloomberg also reported that a deal between Cerberus and Supervalu was imminent. According to that Bloomberg report, Cerberus would lead an investment of around $500 million in equity.
Bloomberg in December reported that Cerberus and Supervalu were negotiating a deal in which Supervalu would sell its Albertsons and Save-A-Lot operations to Cerberus, and Cerberus would take a stake in the remainder in what will still be a public company.
Supervalu’s stock rose 13.5% to $2.94 on Friday, after WSJ reported a deal with Cerberus was close. The company’s stock has been down more than 60% over the past 12 months.
Cerberus already has a stake in the Albertsons banner. In 2006, a Cerberus-led group acquired more than 650 underperforming Albertsons stores as part of a larger deal to dismantle that grocer. As part of that deal, Supervalu had acquired more than 1,100 Albertsons grocery stores.
For the full Bloomberg story, click here.
For the full WSJ story, click here.