UPDATE: SUPERVALU (SVU) said to be close to deal with Cerberus

January 4, 2013 1:48 PM EST
(Updated - January 4, 2013 2:00 PM EST)

SUPERVALU Inc. (NYSE: SVU) pops higher on reports it is close to a deal with Cerberus.

According to reports from the WSJ, Cerberus would buy parts of Supervalu, then take a stake in the remaining assets. A deal is not yet final, the report said.

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