KKR Contemplating Bid for Supervalu’s Save-A-Lot
Wall Street Journal
KKR & Co., for one, is contemplating a bid for Supervalu’s Save-A-Lot store brand, according to people familiar with the matter. And C&S Wholesale Grocers Inc. is interested in the wholesale food distribution business, according to people familiar with the matter.
Cerberus bid for Supervalu seen as prelude to breakup
Buyout firm Cerberus Capital Management is preparing a takeover bid for the third-largest U.S. supermarket chain, with an eye toward divesting the troubled company’s assets to several parties only interested in pieces, the people said.
Supervalu Downgraded by Standpoint Research
Standpoint Research downgraded shares of Supervalu from a buy rating to a hold rating in a research note released on Monday morning.