Twin Falls - 61.0 F (16.1 C)
  • Thursday

    High: 70º Low: 47º

  • Friday

    High: 54º Low: 44º

  • Saturday

    High; 47º Low: 35º

Albertsons Part Of Bigger Sale

Tools

By Paul Johnson

Boise, Idaho (KMVT-TV / KTWT-TV) Albertsons parent company, Supervalu Inc., is reporting that it has reached a deal to sell five of its biggest grocery chains. Those stores are Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market. The selling price: $100 million in cash and more than $3 billion in Debt.
The sale to AB Acquisition, will include 877 stores. AB Acquisition is a investor group led by a private-equity firm Cerbeus Capital Management. Cerbeus will also offer to buy up to 30-percent of the remaining Supervalu for $4 per share after the deal closes.
When the deal closes, Supervalu will consist of a food wholesaler, Save-A-lot along with regional chains, Cub, Farm Fresh, Shoppers, Shop ‘n Save and Hornbacher’s.


Subscribe to our Newsletters

KMVT Breaking News Alerts

Morning & Afternoon News Updates