Supervalu Inc. and its activist investor have made peace — brining a sale of the company one step closer. Blackwells Capital, the dissident investor that owns 8 percent of Supervalu, announced it has dropped its agenda and is on board with the potential sale of the company to Providence, R.I.-based United Natural Foods in a deal worth $2.9 billion in cash and debt.
In a filing posted Tuesday Blackwells said it has dropped its slate of board candidates, will no longer push a proxy fight and is…
