SUPERVALU'S DEBT SEEN AS MANAGEABLE

MINNEAPOLIS - Supervalu here will increase its debt load by more than six times its current level with the pending acquisition of Albertsons, but some analysts said they are optimistic that the company will gain enough additional cash flow to reduce it quickly.Scott Frost, a New York-based analyst with HSBC, London, said the amount of debt will be less important than Supervalu's ability to integrate

MINNEAPOLIS - Supervalu here will increase its debt load by more than six times its current level with the pending acquisition of Albertsons, but some analysts said they are optimistic that the company will gain enough additional cash flow to reduce it quickly.

Scott Frost, a New York-based analyst with HSBC, London, said the amount of debt will be less important than Supervalu's ability to integrate the stores it is acquiring. "The real question is whether the $1.8 billion of operati

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