The WSJ firms up speculation that Cerberus is interested acquiring Supervalu (SVU) saying that the P-E firm is working with real-estate firms on a $5B+ bid for the struggling retailer, whose liabilities are $6B. A proposal deal would include $800M-$900M to take Supervalu private, well above its market cap of $643M. Cerberus and its partners, which include Kimco Realty (KIM), hope to reprise the turnaround success they achieved with Supervalu peer Albertsons.
The WSJ firms up speculation that Cerberus is interested acquiring Supervalu (SVU) saying that...
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