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BOISE, Idaho — Supervalu’s sale of Albertsons stores to Cerberus Capital Management will reportedly close Thursday at midnight, according to a published report by StateImpact Idaho.
In January, Supervalu announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion. The move reunites all Albertsons stores under one operator.
According to the StateImpact Idaho report, a Supervalu spokesman disputed that the Albertsons deal will be finalized by midnight on Thursday and said the sale is expected to be complete “some time this week.”