Supervalu Buyout Talk Heats Up

Lets just hope nothing but positiveness comes from this ... highly unlikely

a cerberus purchase might not be in the best interest of all those albertsons employees, not that they have any say in it. although cerberus obtained 655 stores in 2006, through closures and sales of properties they currently have less than 200.

Well I can tell you that Shaws laid off 700 people today. Full time employees went to work were paged to the manager's office one by one, were issued their last pay check along with a cash payout for any topps time they had acccured and were escorted out the door. Employees heard from vendors on Sunday morning that Shaws was sold and a lay off was coming, but not one word from corporate or management to their employees.

Are stores with 4+ years of NEGATIVE comps worth anything in this market?

cerberus had until mid november to do its due diligence concerning the purchase of supervalu and both companies have been quite silent about any information pertaining to the purchase. wonder if the deal is dead, still in progress or maybe completed and just waiting to be announced? in any case the employees will be the ones that will be hardest hit. supervalu recently cut hq pension contributions and other internal programs and will continue downsizing.