Jewel-Osco sold to investor group
Supervalu Inc. says it reached a deal to sell five of its biggest grocery chains – Albertson’s, Acme, Jewel-Osco, Shaw’s and Star Market – for $100 million in cash and more than $3 billion in debt.
The sale to AB Acquisition, an investor group led by Cerberus Capital Management, will include 877 stores. Cerberus also will offer to buy up to 30 percent of the remaining Supervalu for $4 per share after the deal closes.
The investor group will acquire the stores for $100 million in cash, and the new company will assume $3.2 billion in existing debt.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at firstname.lastname@example.org