Deals
Supervalu is Super Cheap as Free Cash Lures LBO: Real M&A
This article is for subscribers only.
Supervalu Inc. is offering private-equity shoppers the biggest discount of any supermarket chain in America.
The third-largest U.S. grocery store chain fell to a 30-year low this week, reducing its valuation to 3.9 times earnings before interest, taxes, depreciation and amortization. That’s the lowest since at least 1990 and cheaper than all other U.S. food retailers, according to data compiled by Bloomberg.