Supervalu (SVU) said moving toward sale of two chains to Cerberus

Go back to Supervalu (SVU) said moving toward sale of two chains to Cerberus

Cerberus May Acquire Two Supervalu (SVU) Units; Full Acquisition Still on Table

December 5, 2012 11:08 AM EST

Supervalu (NYSE: SVU) shares are ticking higher Wednesday amid more news tied to a possible deal with Cerberus.

According to reports out today, Supervalu will divest Albertsons and Save-A-Lot to Cerberus as a complete merger of the company may not pan out.... More