Kimco (KIM) Reports Taking Part in SUPERVALU (SVU) Deal
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SUPERVALU (SVU) Enters $3.3B Asset Sale with Cerberus
January 10, 2013 8:59 AM ESTSUPERVALU 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
