Supervalu Albertsons $3.3 Billion Deal to Close Thursday


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Wed. March 20th, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Minneapolis, MN</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By ANUK Staff<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">3.21.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><img src="https://cdn.andnowuknow.com/legacyWriterImages/supervalu-march-21-2013-banner.jpg" alt="Cropped Images 03202013" />Supervalu’s $3.3 billion sale of Albertsons stores to Ceberus Capital Management is set to close on Thursday, reuniting the brands that went their separate ways in 2006.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Supervalu announced it was selling all Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores to Cerberus, the investment firm that purchased some of the Albertsons stores in 2006.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The sale is reported to include 877 stores and is likely to include layoffs as part of the restructuring process.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Albertsons LLC, already owned by Ceberus, manages 190 Albertsons Market stores spread across eight states and employing over 20,000 people.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://stateimpact.npr.org/idaho/2013/03/20/supervalus-sale-of-albertsons-stores-expected-to-close-thursday/" target="_new">Supervalu Deal</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">