Cerberus Nears Deal to Buy Supervalu, Nation's Third Largest Supermarket Chain

(Reuters) - Private equity firm Cerberus Capital Management LP and its partners are nearing an agreement to buy parts of Supervalu Inc. (NYSE: SVU), and an announcement could come as soon as next week, a person familiar with the matter said on Friday. Shares of Supervalu, the third largest U.S. supermarket chain, jumped 17% on the news.

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