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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (39772)10/22/2010 10:30:57 PM
From: snickle  Respond to of 78751
 
Jungmann Steven J "EVP Merchandising" bought 5800 SHARES THURSDAY THE 21'ST



To: Spekulatius who wrote (39772)10/29/2010 8:53:28 PM
From: E_K_S  Respond to of 78751
 
RE: SUPERVALU Inc. (SVU) - Sells 14 store chain Bristol Meyers to private equity firm....

Supervalu sells Bristol Farms unit to partnership
Supervalu sells Bristol Farms division to management team, Endeavour Capital partnership

finance.yahoo.com

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Not a very big deal, perhaps $50-$75 million or $0.35/share. I expect any net proceeds to go to pay down debt.

SVU may continue to supply Bristol Meyers through it's CA distribution network through some sort of long term service agreement. These markets cater to the high end buyer where specialty products are promoted. I suspect the new management group will probably rely on local vendors to supply many of their products and will eventually discontinue all SVU service distribution arrangements.

EKS