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Cerberus deal for Supervalu (SVU) on 30% of Co.

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SUPERVALU (SVU) Enters $3.3B Asset Sale with Cerberus

January 10, 2013 8:59 AM EST

SUPERVALU Inc. (NYSE: SVU) announced today a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaws and Star Market stores and related Osco and Sav-on in-store pharmacies (collectively, the Banners) to AB Acquisition LLC (AB Acquisition), an affiliate of a Cerberus Capital Management L.P. (Cerberus)-led investor consortium which also includes Kimco Realty Corporation (NYSE: KIM), Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group, in a transaction valued at $3.3 billion.

The sale will consist of the acquisition by AB Acquisition of the stock of New... More

Cerberbus Said to Buy SUPERVALU (SVU) for $4 per share

January 10, 2013 8:49 AM EST

Now reports says Cerberbus to buy SUPERVALU (NYSE: SVU) for $4 per share.... More

Supervalu (NYSE: SVU), Cerberus Enter Deal on Albertson's

January 10, 2013 8:44 AM EST

Supervalu, Inc. (NYSE: SVU), Cerberus strike deal. Cerberus to buy Albertson's for $100 million in cash, the WSJ reported.

Shares down 6.2%,... More