Cerberus Close To Supervalu Inc. (SVU) Deal, Shares Surge
Cerberus Capital Management L.P. is concluding a deal to purchase parts of Supervalu Inc. (NYSE:SVU), according to a Wall Street Journal Report. The deal is likely to be a complex one, according to sources close to the matter. The deal, rather than being a total purchase of the company, will involve Cerberus acquiring parts of Supervalu Inc. (NYSE:SVU) and taking stock in the rest of it.
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