SUPERVALU Inc., based in Minneapolis, confirmed it has sold its Albertsons stores and Acme, Jewel-Osco, Shaw's and Star Marketstores to AB Acquisition LLC, an affiliate of a Cerberus Capital Management L.P.-led investor group.
The stock deal is worth $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.
SUPERVALU had already closed 60 stores last summer and laid off 2,500 employees. Albertsons has 228 stores in California and Nevada.
