(EMAILWIRE.COM, March 13, 2010 ) Dallas, Tx - Shares of SUPERVALU INC. (NYSE:SVU) saw a very unusual movement on Friday's trading session after rumors circulated among the traders that the supermarket operator could be poised for a leveraged buyout and there is an anticipation that the multibillion company could be the target of a leveraged buyout at $22.50 a share.
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Shares of SVU jumped 6.60% to close at $17.13 after
gaining as much as 11.30% during an intraday session and made a day's high of $17.89, just 4 cents away from its 52-week high of $17.93.
So far this year, the stock has given a return of over 34%, while its yearly return works out be just over 15.50%.
SUPERVALU INC. (SUPERVALU) is a grocery channel that conducts its retail operations under the banners, such as Acme Markets, Albertsons, Bristol Farms, bigg's, Cub Foods, Farm Fresh, Hornbacher's, Jewel-Osco, Lucky, Save-A-Lot, Shaw's Supermarkets, Shop 'n Save, Shoppers Food & Pharmacy and Star Markets. Additionally, the Company provides supply chain services, primarily wholesale distribution, across the United States retail grocery channel.
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