MINNEAPOLIS — An investment group led by Cerberus Capital Management is scheduled to take control of between 20% and 30% of Supervalu and install a new top leadership following a tender offer. The tender offer is seen as a vote of confidence “from an investor that has had the opportunity to look under the hood,” according to Deborah Weinswig, managing director of Citi Research, New York. Earlier this month, Supervalu agreed to sell five retail chains and related ...
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