The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday November 2, 2012:
Hearing Chatter Cerberus Capital Seeking to Acquire Supervalue
The Rumor:
Cerberus Capital is seeking to acquire 100% of Supervalu SVU and merge its operations with Albertson's, according to sources reporting on Friday. Supervalu announced last month it was undergoing a strategic review process. In addition to Cerberus, KKR KKR has expressed interest in acquiring parts of the business, including the Save-A-Lot Brand, according to the Wall Street Journal. Supervalu closed at $3.18 Friday, a loss of 2.45% on 1.5 times average volume.
Market News and Data brought to you by Benzinga APIsCerberus Capital is seeking to acquire 100% of Supervalu SVU and merge its operations with Albertson's, according to sources reporting on Friday. Supervalu announced last month it was undergoing a strategic review process. In addition to Cerberus, KKR KKR has expressed interest in acquiring parts of the business, including the Save-A-Lot Brand, according to the Wall Street Journal. Supervalu closed at $3.18 Friday, a loss of 2.45% on 1.5 times average volume.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in