ALBERTSONS CONSIDERS NEW BID

BOISE, Idaho - The same consortium whose bid for Albertsons was rejected last month reportedly submitted a new offer for the company late last week.Sources said the revised acquisition proposal, for a reported 18 cents more per share, significantly resolved a potential antitrust issue in the Chicago market that may have scuttled the earlier deal.Under the new scenario, Supervalu would sell its 40

BOISE, Idaho - The same consortium whose bid for Albertsons was rejected last month reportedly submitted a new offer for the company late last week.

Sources said the revised acquisition proposal, for a reported 18 cents more per share, significantly resolved a potential antitrust issue in the Chicago market that may have scuttled the earlier deal.

Under the new scenario, Supervalu would sell its 40 or so Cub Stores in Chicago to Cerberus Capital Management, which would clear t

Register to view the full article

test - Advanced Registered User

Already a member? .