US: Cerberus, Harris Teeter silent on bid report
Cerberus Capital Management and Harris Teeter have refused to be drawn on a report the private-equity firm has bid for the US retailer.
The Wall Street Journal has reported Cerberus has made an offer for the regional grocer.
The WSJ, citing an unnamed source, said Cerberus was mulling a structure that could see part of Harris Teeter still listed.
Speaking to just-food, a Cerberus spokesperson declined to comment. Harris Teeter CFO John Woodlief said: "We refer all inquires to [the] earlier press release and have no additional comments."
On 8 May, Harris Teeter said in an SEC filing discussions with "certain parties regarding strategic alternatives" were "continuing".
In February, Harris Teeter issued a press release to say it had been approached by two unnamed private-equity firms that had expressed an interest in buying the business. It said it had hired JP Morgan to assist with discussions.
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