Cerberus moving forward on another big LBO

Taxpayesr get ready to bend over again...

Remember these are the "genius hedge fund finance experts" that bought Chrysler from MBZ, dumped bankrupt manufacturing assets on the taxpayer, kept Chrysler Financial sold it to a Canadian bank for a handsome profit.

Then went looking for $4-5 billion in leverage to do Supervalu and maybe Best Buy BBY, Best Buy has extended Schulze time to get an offer together but their bricks & mortar liabilities totals over $7B, gonna be hard to discharge those leases w/o bankruptcy.

http://www.bizjournals.com/twincities/news/2012/12/05/supervalu-albertsons-save-a-lot-cerberus.html

grizz,

Is it Wall Mart's grocery business that is putting the hurt to these companies??

I cann't think what else would be responcible...

Regards, Kirk

Maybe, in little Brainerd MN winter population 10,000 summer population 50,000 there are 2 Cub foods (Supervalu) a Wal-Mart Superstore, a Save-on (a small regional) and a brand new Costco with gaspumps.

That's a lot of competition