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Streamlining makes Supervalu stock shares soar

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Supervalu shares jumped 12 percent Thursday after the Eden Prairie-based grocery giant sold five regional supermarket chains. The Pioneer Press reports that's the highest value for the stock in eight months. Stock shares fell to $1.68 last fall, and hit $4.68 on Thursday.

Supervalu said Thursday it sold five regional supermarket chains: Albertsons, Acme, Jewel-Osco, Shaw's and Star Market. The $3.3 billion sale shrinks Supervalu to just half its earlier size. But it offers a hopeful future to one of Minnesota's largest corporations -- and the owner of Cub Foods -- which had been foundering amid a sea of debt, struggling stores and rising competition.

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Supervalu shares leap amid buyout buzz

Shares of Minnesota-based Supervalu jumped 38 percent on Monday after an analyst upgraded the stock due to the possibility that the grocery store chain might be bought out, the Star Tribune reports.

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Shares for the Minneapolis-based discount retailer have surged 130 percent since late 2009 -- up 20 percent since the beginning of 2012. The Star Tribune writes Target's P-Fresh grocery format, Red Card program and exclusive merchandising partnerships have led to higher traffic and bigger purchases per visit. Four top executives, including CEO Gregg Steinhafel, have reaped millions of dollars by selling some shares.

Supervalu to open books for potential buyers

The troubled Eden Prairie-based grocery-store chain is expected to provide prospective buyout firms financial information later this week, the Wall Street Journal reports. Last week, Supervalu hired Goldman Sachs to explore selling either part or all of its supermarket operations after it reported a plunge in quarterly profit.