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SUPERVALU Inc. Message Board

  • cash_is_king_now cash_is_king_now Jan 29, 2013 11:18 AM Flag

    Cerberus has studied SVU financials for a long time

    Cerberus probably knew that $4 is very low and it may not get 20% of the shares thru the tender offer.
    That is why it added the part for SVU to issue new shares if Cerberus can not get 20% of the shares.
    If no one tenders then SVU has to issue about 54 mm shares ((214 + 54) * 20% = 54).
    However, there will be some who will tender. If 10% tender then SVU has to issue about 27 MM shares.
    Overall, most investor can count on $4 if not higher for their shares.

    Sentiment: Buy

4.83+0.27(+5.92%)Sep 29 4:02 PMEDT