Cerberus Vying For Multibillion-Dollar Supervalu Buyout

Law360, New York (October 23, 2012, 5:26 PM EDT) -- New York private equity firm Cerberus Capital Management LP is in talks for a multibillion-dollar takeover of Supervalu Inc., the third-largest grocery store operator in the U.S., according to media reports that surfaced late Monday.

The firm is working with banks to nail down $4 billion to $5 billion in debt financing to back a deal and planning an equity investment between $800 million and $900 million, though the figures could change, The Wall Street Journal reported, citing unnamed sources familiar with the negotiations.

Rumors of...
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