Schulte Reps Cerberus In $3.3B Deal For Supervalu Assets

Law360, New York (January 10, 2013, 12:01 PM EST) -- Supervalu Inc. brought an end to sale speculation Thursday when it unveiled a $3.3 billion deal to sign over its five biggest store chains and a stake in its remaining business to a group of investors led by New York private equity giant Cerberus Capital Management LP.

Under the deal’s terms, Cerberus and its co-investors will pay $100 million in cash for the Minnesota-based struggling grocery operator’s Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market units. The group will also take on $3.2 billion in debt held...
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