Flagging Grocery Giant Supervalu Courts Several Buyout Suitors

Law360, New York (October 18, 2012, 3:34 PM EDT) -- Supervalu Inc., the third-largest grocery store operator in the U.S., is fielding interest from several prospective buyers, it said Thursday, a sign of progress in the struggling company's major strategic overhaul plan underpinned by asset sales.

The Minnesota company did not name the prospective suitors that it says have come forward since mid-July, when it announced a broad strategic review and suggested it would put all or part of itself up for sale to help boost plummeting shares.

“The company has received a number of indications...
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