Cerberus-led Consortium Closes SUPERVALU Buy

An investment group led by Cerberus Capital Management has completed the acquisition of five grocery chains from SUPERVALU (NYSE: SVU) for $3.3 billion, consisting of $100 million in cash and $3.2 billion in debt assumption. The deal included the Albertsons, Acme, Jewel-Osco, Shaw's and Star Market chains and related Osco and Sav-on in-store pharmacies. Providing financing for the acquisition were Wells Fargo, Goldman Sachs, Credit Suisse, Morgan Stanley, BofA Merrill Lynch and Barclays Capital.

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