Benzinga's M&A Chatter for Thursday January 10, 2013
From Rumors
January 10, 2013 - 5:00pm
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 10, 2013:
Cerberus-Led Group to Acquire Up to 30% of Supervalu for $4/Share
The Deal:SUPERVALU (NYSE: SVU) announced Thursday, a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmaciesto AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium which also includes Kimco Realty Corporation (NYSE: KIM), Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group, in a transaction valued at $3.3 billion.
In addition to the sale, within ten business days of today, a newly-formed acquisition entity owned by a Cerberus-led investor consortium (“Symphony Investors”) will conduct a tender offer for up to 30 percent of SUPERVALU's ...
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