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. The source asserted that the deal could be agreed upon and announced early next week, but warned that there was no guarantee that the deal would arrive that early. The source warned that the terms…