Cerberus, Supervalu to Close Deal
January 07, 2013
Private-equity firm Cerberus Capital Management LP plans to purchase a portion of Minneapolis-based Supervalu Inc., according to Bloomberg. The firm plans to buy some of the company’s grocery chains—which include Save-A-Lot, Albertsons and Foodland, among others—and invest in the remaining company. A deal has yet to be finalized, but the companies are said to announce an agreement early this month.