Cerberus Capital Management in negotiations for Supervalu business
MINNEAPOLIS — Supervalu on Friday confirmed that a previously announced review of strategic alternatives is proceeding, sparking a slight run on the company’s stock. As of early Monday afternoon, Supervalu was trading at $2.53 per share, up 6.3%.
"The company continues to be in active discussion with several parties," Supervalu stated.
The Wall Street Journal on Sunday reported that Cerberus Capital Management and Supervalu had been negotiating a potential acquisition deal through the weekend.
However, Bloomberg News had reported earlier those talks may have stalled because Cerberus is having difficulty raising the capital for a leveraged buyout.
Johnson & Johnson CEO Alex Gorsky to assume chairman title
NEW BRUNSWICK, N.J. — Johnson & Johnson has announced that Alex Gorsky will assume, effective Dec. 28, the chairman title and additional leadership responsibilities for the global health care company.
Gorsky was appointed CEO of Johnson & Johnson in April 2012. Current chairman Bill Weldon will step down on Dec. 28 and plans to retire in the first quarter of 2013, after a brief transitional period.
“I am truly honored to succeed Bill Weldon as chairman of Johnson & Johnson,” stated Gorsky. “Bill’s leadership and contributions to Johnson & Johnson over a 41-year career leave us well-positioned to continue addressing the world’s most prevalent diseases and unmet needs in health care. Our financial strength, global reach, and innovations that help people live longer, healthier lives are a proud legacy for Bill and a strong foundation for the future of Johnson & Johnson.”
“Serving as chairman and CEO of Johnson & Johnson has been a privilege, and I am confident in Alex’s ability to lead the people of Johnson & Johnson to even greater achievements,” stated Weldon. “I would like to thank the people of Johnson & Johnson for all their commitment and dedication to the patients and customers they serve. They bring to life the hope and promise of better treatments, cures, health and wellbeing for those who use our products. It has been an honor to work with them.”
The company’s board also indicated that it will enhance its governance structure by expanding the duties and responsibilities of the independent presiding director to include more involvement in stakeholder communications, board and executive performance evaluations, agenda-setting and succession planning. The duties and responsibilities of this position, which will carry the title of lead director, will be discussed in detail in the company’s 2013 Proxy Statement.
Shopper Sense research finds distinct shopper personalities
Analysis by Shopper Sense founder Lily Lev-Glick, a 20-year shopping behavior analyst and researcher, has revealed holiday shoppers fall into one of three distinct categories: Scrooges, Ho Ho Happy Go Lucky and On a Merry Mission.
“Shopping takes on a style all its own during the four weeks before Christmas. Our inner shopper and the characteristics that accompany those styles are at full tilt, influencing everything from where and when we shop to whether we shop solo and what our threshold is,” Lev-Glick explained. “Whether male or female, shoppers tend to fit into a handful of groups that define their mindset on the path to purchase and how they perceive, approach and navigate store choice.”
The analysis was based on data from a set of holiday shoppers on their agreement with a broad set of attitudinal statements. Shopper Sense then clustered respondents into three distinct groups, each possessing their own unique attitudes and behaviors during the holidays.
To learn more about what characterizes shoppers into these three groups, you can follow the link to Shopper Sense’s full analysis.