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 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.