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Supervalu shares rose 7 cents, or 1.4 percent, to close at $5.12 Tuesday. On Thursday Supervalu completed on the sale of Albertson's, Jewel-Osco, Acme, Shaw's and Star Market to an investor group led by Cerberus Capital Management. Supervalu announced the sale in January, at which time it said that after the sale it would focus on its Save-A-Lot discount stores, as well as its smaller regional chains Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's. It will also keep its wholesale business that distributes groceries to stores. As part of the deal, the investor group agreed to pay $100 million in cash for the stores, and assume $3.2 billion in existing debt. Cerberus also offered to buy up to 30 percent of what's left of Supervalu for $4 per share after the deal closed.
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