Acme supermarkets sold in $3.3 billion deal
January 11, 2013 (WPVI) -- Parent company SuperValu is selling Acme and several other grocery store chains in a super-sized $3.3 billion deal.
An investor group led by Cerberus Capital Management has bought 877 stores, which includes every Acme location.
The group will acquire the stores for $100 million in cash, and the new company will assume $3.2 billion in existing debt.
The deal also includes four other grocery chains not found in our area - Albertsons, Jewel-Osco, Shaws and Star Market.
SuperValu will be keeping its Save-A-Lot stores and Shop n' Save brand.
The Associated Press contributed to this report.
acme markets, business/finance
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