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SUPERVALU Inc. Message Board

  • goldeagle14 goldeagle14 Dec 23, 2012 5:59 AM Flag

    Dec 5 Bloomberg

    Is the information in this article about to come true?
    http://www.bloomberg.com/news/2012-12-05/supervalu-said-moving-toward-sale-of-two-chains-to-cerberus.html

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Last 2 minutes Friday, a surge of options and stock purchases came to drive the stock to 10 day high, yet it wa so so last second, the stock charts don't even register the transactions.

      It drove the stock to close at 10-day high $2.84.

      That Bloomburg article said:
      Buyers include
      Ron Burkle-Food-4-Less / Ralph
      TPG
      KKR
      Cerberus.... could only afford to buy Albertson + Save-A-Lot

      May be that was why Cerberus was dumping Bush Master after the tragic massacre in Connecticut.
      Goodbye killer weapons, hello food for everyone to eat.

      Of course parting with Prime Cut chains like Albertson and Save-A-Lot would be at a Premium=75% of the SVU takeout valuation of $5/share, minimum.

      While Cerberus aim to close before year end, the other buyers are also likely to step up on the 28th and 31st just to complicate the deal for Cerberus.

      ########################

      Now Cerberus may seek control of Albertsons and Save-a-Lot, the grocer’s two largest chains, and take an equity stake in what remains of Supervalu, said two people. Selling the chains would give Supervalu the cash to pay down some of its more than $6 billion in debt and allow the company to focus on selling or restructuring its nine other chains, they said.

      Cerberus aims to finalize a deal by the end of the year, one of the people said. The firm could still pursue a takeover of all of Supervalu, or no deal could be done.

      ########################

      Toast to $5/share minimum
      Where is the champagne isle?

      Sentiment: Strong Buy

      • 1 Reply to brkout_volume_surge
      • Brkout, I like your style, the thought process you put behind your post. Do you have any thoughts on who will gain from Fresh and Easy's 1B annual sales in southern Ca, if those locations are repurposed from small grocery stores to maybe drug store chains or sit vacant? Struggling Albertson's could stand to gain at least 200M annual sales in there some where and move SSS up a notch. And maybe Cerberus knows this? I see news coming very soon and remain long SVU.

        Sentiment: Strong Buy

 
SVU
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