Supervalu Spikes On Buyout Rumors

SuperValu is advancing on Friday as chatter arises that it could be taken private.

Topics:  supervalu   
BING NEWS:
  • Will Turnaround Efforts Help SUPERVALU to Recover in 2017?
    Grocery retailer SUPERVALU Inc. SVU has been in troubled waters for the past one year due to tough competitive pressure, deflationary environment in the food industry and soft sales in the retail segment. The company’s shares have declined 31.3% in the ...
    01/3/2017 - 11:00 am | View Link
  • UPDATE: Morgan Stanley Resumes SUPERVALU with Underweight on Expected Earnings Erosion, High Financial Leverage
    As Cerberus disclosed that it had offered $4/share for all of Supervalu (but failed to achieve financing), we believe the market may assume that a buyout of the rest of Supervalu is a possibility at some point (there is a standstill in place for 7 years).
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