Supervalu shares surge on report of Cerberus deal
NEW YORK (MarketWatch) — Shares of Supervalu Inc. rallied 19% to .08 on Friday after a published report that the grocery retailer was close to a deal with private-equity firm Cerberus Capital Management LP. The Wall Street Journal, citing an unnamed source, reported on Friday that Cerberus and its partners plan to buy some parts of Supervalu and take a stake in others.
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