Seeking Alpha

Billionaire Ronald Burkle and P-E firms KKR and TPG are interested in Supervalu (SVU), Bloomberg...

Billionaire Ronald Burkle and P-E firms KKR and TPG are interested in Supervalu (SVU), Bloomberg reports, but are only thinking of buying parts of the hard-luck grocery chain rather than the whole. Supervalu still wants someone to buy the company in full (previous), and is said to have extended its offer deadline beyond a prior Oct. 15. One source claims Supervalu's struggles have "stalled progress on any kind of offer." Shares +2.6% AH. (store closings)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)