Management at Jewel in Chicago told to attend conference call at Noon (central time) on Thursday, Nov 15th.
Looks Cerberus obtained the $5 billion loan from Chase+ BOA combo.
Deal is done.
Now Jewel employees will wait to see if Cerberus deals them ...or if they keep them.
Kroger is the name be thrown around if Jewel is lateraled.
Only time will tell...but the deal looks like it is in fact DONE
Good luck to all,
Seems like a Jewel management conference call for today would have more to do with possible layoff announcement (similar to Shaw). An announcement of a deal with Cerberus would be handled differently, IMHO. Good luck.