MINNEAPOLIS — Shares of Supervalu rose about 15% Thursday on the news that it was selling about half of its business. As previosuly reported, the company is selling its Albertsons, Jewel-Osco, Acme and Shaw’s/Star Market banners to an investment group led by Cerberus Capital Management for about $3.3 billion. Cerberus is also planning to issue a $4 tender offer for Supervalu shares, taking up to a 30% stake in the company. The shares closed Thursday at $3.47. After the ...
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