SUPERVALU closes $3.3B sale of chains to Cerberus

03/21/2013 | Star Tribune (Minneapolis-St. Paul, Minn.)

SUPERVALU has completed the sale of its Albertsons, Acme, Jewel-Osco and Shaw's/Star Market stores to an affiliate of Cerberus Capital Management and other investors for $3.3 billion. The completion of the transaction allows SUPERVALU to "turn into a company much more reliant on wholesale business," Steve Alexander writes.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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