Why SUPERVALU Shares Popped
The Motley Fool
Shares of SUPERVALU climbed as high as 12% today on a report that private equity firm Cerberus is still willing to pursue options for the embattled grocery store chain.
Cerberus May Buy Struggling Supervalu
Cerberus Capital Management LP is working with Supervalu, Inc. on a possible acquisition deal to buy Supervalu’s entire business.
What’s Really at Stake for SUPERVALU Shareholders
However, increased competition from discount chains such as Wal-Mart and Target has left SUPERVALU fighting for its life.