SUPERVALU (SVU) Likely to Be Sold in Pieces
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Price: $6.95 +3.89%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 7.6%
EPS Growth %: -136.8%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 7.6%
EPS Growth %: -136.8%
Trade SVU Now!
Shares of SUPERVALU Inc. (NYSE: SVU) are higher by 6 percent in after-hours trading on Thursday following reports that the company's advisors are closer to sniffing out a potential buyer, or buyer(s).
Bloomberg is reporting that Cerberus Capital Management LP is examining a possible deal involving the Albertsons unit. Koninklijke Ahold NV, the Amsterdam-based parent of Giant Food Stores LLC, is interested in the Shoppers chain, which operates in Maryland, Virginia and Washington, one person said.
Other rumors this evening say that a private-equity buyer could come in and acquire the company for sale in pieces.
"It's going to be very difficult to sell Supervalu as a whole," Charles Cerankosky, a Cleveland-based analyst at Northcoast Research Holdings LLC told Bloomberg. "The most likely scenario, as opposed to what the board or management would like to do, is the company ends up being broken into pieces."
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Bloomberg is reporting that Cerberus Capital Management LP is examining a possible deal involving the Albertsons unit. Koninklijke Ahold NV, the Amsterdam-based parent of Giant Food Stores LLC, is interested in the Shoppers chain, which operates in Maryland, Virginia and Washington, one person said.
Other rumors this evening say that a private-equity buyer could come in and acquire the company for sale in pieces.
"It's going to be very difficult to sell Supervalu as a whole," Charles Cerankosky, a Cleveland-based analyst at Northcoast Research Holdings LLC told Bloomberg. "The most likely scenario, as opposed to what the board or management would like to do, is the company ends up being broken into pieces."
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