Bunch of Idiots including Wayne Sales WHY THIS LOUSY DEAL??
shareholders you have been scammed
Cerberus only puts in 100 million cash. Supervalu generates 400 million cash.
Why didn't they just hire Sam Duncan to run the companies and say NO TO CERBERUS.
This deal scams shareholders.
Cerberus gets all the upside with the real estate they get from Supervalu.
And shareholders get capped on the upside.
And the supposed 30% stock purchase by Cerberus is Chump Change.
REMINDER: Supervalu produced a 400 million cash flow. This is highway robbery.