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A hitch in Cerberus Capital's funding is stalling its pursuit of Supervalu (SVU -15.9%),...

A hitch in Cerberus Capital's funding is stalling its pursuit of Supervalu (SVU -15.9%), Bloomberg has sources reporting. It comes down to the post-acquisition debt-revenue mix - and if Supervalu has to sell assets on its own, big tax payments lie ahead.
Comments (9)
  • untrusting investor
    , contributor
    Comments (9966) | Send Message
     
    Good to know. Was wondering about the sell off in SVU.
    29 Nov 2012, 05:08 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1871) | Send Message
     
    Is Cerberus still in the mix? No comment from both parties. It doesn't look promising.
    29 Nov 2012, 08:04 PM Reply Like
  • New Century
    , contributor
    Comments (130) | Send Message
     
    seems like they are - they're just having trouble making a bid happen.
    29 Nov 2012, 10:53 PM Reply Like
  • New Century
    , contributor
    Comments (130) | Send Message
     
    thoughts on why the dip may be a buying opportunity: http://seekingalpha.co...
    29 Nov 2012, 10:53 PM Reply Like
  • danjim
    , contributor
    Comment (1) | Send Message
     
    interesting
    30 Nov 2012, 03:03 AM Reply Like
  • dleyorkie
    , contributor
    Comment (1) | Send Message
     
    so if i work for supervalu (jewel/osco) how nervous should i be about job security?
    30 Nov 2012, 03:09 AM Reply Like
  • pittsburgh jamie
    , contributor
    Comments (10) | Send Message
     
    I don't think there's any real chance of going out of business for the next decade for SVU. Too much in sales, and they are paying down the debt obligations. This ISN'T a Hostess situation where bankruptcy is imminent. More of a languishing industry that may slowly decline. I think jobs are generally safe at store levels though.
    30 Nov 2012, 12:03 PM Reply Like
  • llewe
    , contributor
    Comment (1) | Send Message
     
    this will be a plus for jewel/osco SVU has no clue how to run a grocery chain. Despite their every effort to run Jewel / Osco into the ground jewel keeps going. Jobs in my opinion at store level, this will be a good time to separate the weak from the strong.
    1 Dec 2012, 06:17 AM Reply Like
  • pittsburgh jamie
    , contributor
    Comments (10) | Send Message
     
    best thing that could happen is ceberus takes all the Albertson's away, and the Jewel/Osco and independent supply business would make money once again. No wonder Noodle retired, he saw this coming after the Albertson's debacle.
    3 Dec 2012, 01:25 PM Reply Like
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