Profit From This Tender Offer: SUPERVALU INC. (SVU)
From Insider Monkey - Free Hedge Fund and Insider Trading Data
January 22, 2013 - 8:30pm
In yet another hit to distressed supermarket chain SUPERVALU INC. (NYSE:SVU) , privately-held Cerberus Capital Management LLC has finalized a deal to purchase its storied grocery-store brands Albertsons and Jewel-Osco in a transaction valued at about $3.3 billion. As part of the deal, Cerberus would float a tender offer for about 20 percent of Supervalu’s [...]
January 22, 2013 - 8:30pm
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