Cerberus still pursing potential Supervalu bid, report says


Cerberus Capital Partners, a New York-based private equity firm, is still considering multiple buyout options for Supervalu Inc,, including the grocery chain's entire Eden Prairie-based business or just its Albertsons stores, Wall Street Journal reports. Cerberus and Supervalu have mainly talked about an acquisition of the entire company for roughly $5 billion, but an Albertsons-only option has dominated recent discussions.

Supervalu's stock price took a hit last week after a report indicated progress toward a leveraged buyout had stalled.

Last month, the struggling grocery retailer announced that it is freezing wages for thousands of employees and cutting its 401K match.

Supervalu operates more than 2,400 supermarkets nationally, including Cub Foods in Minnesota.

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