The Supervalu (SVU) deal with Cerberus will involve selling five different brands - including Albertson's, Jewel-Osco, and Shaws - for a sale price of $3.3B. In addition, Cerberus will lead a consortium that will make a tender offer for up to 30% of the company at $4 per share. Supervalu shares have fluttered around wildly in premarket trading, but now stand up 21.1% to $3.65 with more clarity on the terms of the deal.
The Supervalu (SVU) deal with Cerberus will involve selling five different brands - including...
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