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Shaw's Supermarkets To Be Sold In $3.3B Deal

Minneapolis-based Supervalu Inc., which owns Shaw's, said it has reached an agreement to sell Shaw's and three other supermarket chains to a group of investors led by New York-based Cerberus Capital Management in a deal valued at $3.3 billion.
Besides Shaw's (and its sister company Star Market), the supermarket chains include Albertson's, Acme, and Jewel-Osco. The sale would include a total of 877 stores, according to Supervalu.
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