Cerberus, Kimco, and Supervalu to Buy Albertson's for $9.6 Bln

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Albertson's (ABS ) Albertson's is set to be sold to an investment group comprised of Cerberus Capital, Kimco Realty (KIM ), and the grocery chain store Supervalu (SVU ) for about $9.6 billion. A deal could lead to heavy layoffs and store closings, according to the Wall Street Journal.

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