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SuperValu Moving Toward Sale to Cerberus: Business Roundup

A look at what's happening with Eden Prairie businesses.

SuperValu Could Sell Two Chains to Cerberus Soon

After talks of a full takeover stalled a couple weeks ago, SuperValu is now moving toward a deal to sell retail chains such as Albertsons and Save-A-Lot to Cerberus Capital Management LP.

According to Bloomberg Business, people close to the negotiations said Save-A-Lot has also received interest from parties such as private-equity firm KKR & Co.

Albertsons and Save-A-Lot are SuperValu's two largest chains. Selling the chains would give the company cash to pay down some of its more than $6 billion in debt and allow the company to focus on what to do with its nine other chains, the article said.

Cerberus aims to finalize some sort of deal by the end of the year. Eden Prairie Patch will update readers as more information becomes available.

Recent Eden Prairie business news:

  • Eden Prairie 3D Printing Company Stratasys Plans Merger
  • Stratasys Printers Turn Concepts Into 3D Models
  • D'Amico & Sons Closes After Problem With Lease
  • SuperValu Reports Run on Twinkies: Eden Prairie Business Roundup
Zelda December 09, 2012 at 11:54 PM
OLD news.
Wendell Young V January 06, 2013 at 09:34 PM
ACME Markets will be liquidated by means of auction of store leases to pay-back debt incurred of Creberus acquisition. We must pray that ShopRite owners buy leases to the ACMEs which are in their jurisdiction for us to save jobs, and continue collecting dues.Please patronize ShopRite exclusively, please!!!

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