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Stock Market & Financial Investment News

News Breaks
December 2, 2012
20:27 EDTSVU, KKRCerberus in talks on options in Supervalu deal, WSJ says
Cerberus Capital Management has signalled that it will explore multiple deal options in its bid for Supervalu (SVU) including acquiring Supervalu's entire business and another option to purchase its Albertsons stores, says The Wall Street Journal, adding that if the Cerberus deal doesn't work, KKR (KKR) amongst others may be interested in the grocer's assets. Reference Link
News For SVU;KKR From The Last 14 Days
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February 5, 2016
06:53 EDTKKRBlackstone, Onex advance in Philips Lighting auction, Bloomberg reports
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February 3, 2016
08:02 EDTSVUSupervalu names Mark Gross to succeed Sam Duncan as president, CEO
Supervalu announced the appointment of Mark Gross as the company's president and CEO, effective February 5, 2016. Gross, age 52, will succeed Sam Duncan who has previously announced he will be retiring. Supervalu also announced that Sam Duncan will be stepping down from the company's 11-person Board of Directors effective with his retirement on February 29, 2016, and that until that time, he will continue with the company as a special advisor to the company's Board of Directors to facilitate a smooth transition. Gross will be appointed to the Board effective March 1, 2016. Additionally, the company said that Bruce Besanko, COO, will report to Gross and continue to oversee the day-to-day operations of the company's Independent Business and Retail Food segments as well as the company's finance organization. From 1997 to 2006, Gross worked at C&S Wholesale Grocers, including serving as Co-President of C&S's overall operations from 2005-2006. Additionally, during his tenure with C&S, Gross served as Chief Financial Officer, General Counsel, and President of its affiliated retail grocery operations.
January 28, 2016
05:28 EDTKKRKKR and Masan Group conclude partnership in Masan consumer
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January 27, 2016
13:40 EDTKKRKKR replaces Bain as suitor for Peroni, Grolsch brands, Reuters says
KKR (KKR) is replacing Bain Capital as a bidder for SABMiller's (SBMRY) Peroni and Grolsch brands, Reuters reporst, citing three sources familiar with the matter. KKR was not previously shortlisted as one of the final suitors for the brands being unloaded by AB InBev (BUD) to smooth its acquisition of SABMiller, the report says. Reference Link
06:53 EDTKKRKKR, Bain, Fujifilm to make offers for Toshiba Medical, Reuters reports
KKR (KKR), Bain Capital, and Fujifilm (FUJIY) are among possible bidders for a medical equipment unit of Toshiba (TOSBF) in a deal that could be valued as high as $3B, Reuters reports, citing people familiar with the process. Reference Link
January 26, 2016
07:36 EDTKKRKKR leads funding round in Jitterbit
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