<p><strong>Minneapolis, MN</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Cerberus Capital Management is currently working on a takeover offer for Supervalu Inc., whose shares rose around over 30 percent, Monday.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Earlier reports stated the private equity firm is pitching banks, including JP Morgan Chase & Co. and Bank of America, to arrange $4 billion to $5 billion in debt financing to back a bid for Supervalu.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">A Supervalu spokesperson said though discussions with interested parties are in the works, there is no assurance the process will end in a deal.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company owns chains including, County Market, Save-A-Lot, and Albertsons.<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://www.supervalu.com" target="_new">Supervalu </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
