US: Supervalu tight-lipped over buy-out report
Supervalu last month kicked off a "strategic review" of its business
US retailer Supervalu Inc has declined to comment on reports it is asking potential buyers to bid for the entire business.
The retailer last month kicked off a "strategic review" of its business, which could include a sale of the company, after another quarter of falling sales.
Supervalu, which has around 4,400 stores in the US, is looking at "strategic alternatives" to, it insisted, "create value for shareholders".
It is understood several suitors have enquired about individual parts of the group, sources told Bloomberg.
Cerberus Capital Management is said to be examining a possible deal involving the retailer's Albertsons unit, Bloomberg said, Ahold has shown interest in the Shoppers chain.
A spokesperson for Supervalu declined to comment on the report and said the retailer will not provide any updates on the strategic review until it has something to announce.
Sweden-based retailer ICA now has one owner after Ahold, the Dutch retail giant and its largest shareholder, sold out to venture partner Hakon Invest, the Swedish investment fund. Michelle Russell spo...
Ahold's exit from its ICA retail venture in Scandinavia and the Baltics looks set to net the Dutch company a cool US$3.4bn - but do not expect the Albert Heijn and Giant Food owner to go on an acquisi...
German retailer Metro Group and Dutch peer Ahold are among the latest firms to recall products after admitting certain lines contained horsemeat....
Two Dutch supermarket chains have become the latest European retailers to pull frozen lasagnes from shelves amid concerns the lines could contain horse meat....
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Is Mondelez's margin target hurting sales?
- Why Reckitt Benckiser moved for Mead Johnson
- Nestle plans restructuring as 2016 profit misses
- Aryzta CEO, CFO resign amid strategic review
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins