Supervalu Inc Asks Potential Buyers to Bid for the Entire Business


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Mon. August 27th, 2012

<p>Supervalu Inc. is seeking buyers for the company. Supervalu advisers are asking potential buyers to bid for the whole business. This is occurring even with several prospects inquiring about individual parts of Supervalu, according to Reuters who sourced Bloomberg News.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Cerberus Capital Management LP CBS.UL is interested in the Albertsons division of the company while Koninklijke Ahold NV, parent of Giant Food Stores LLC, is looking to Supervalu's Shoppers chain, according to the article.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Supervalu said it was looking at options for overhauling the firm including a sale, back in July. C&amp;S Wholesale Grocers expressed interest in buying the distribution business of the company, the source reads.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Supervalu hired Goldman Sachs Group Inc and Greenhill &amp; Co as advisors to the potential sale.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.reuters.com/article/2012/08/24/us-supervalu-deals-idUSBRE87N00P20120824" target="_new"> Supervalu </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">