Supervalu Shares Rise on Cerberus Deal

MINNEAPOLIS — Shares of Supervalu rose about 15% Thursday on the news that it was selling about half of its business.

As previosuly reported, the company is selling its Albertsons, Jewel-Osco, Acme and Shaw’s/Star Market banners to an investment group led by Cerberus Capital Management for about $3.3 billion. Cerberus is also planning to issue a $4 tender offer for Supervalu shares, taking up to a

Register to view the full article

TAGS: News Supervalu
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish