Albertsons, Supervalu In Talks

BOISE, ID-Albertsons executives are once again in talks to sell the company, and this time it looks as though they are considering selling the entire outfit to Minneapolis-based Supervalu and some other parties. The talks are happening after Albertsons broke off similar discussions last month .

Both Albertsons and Supervalu issued cryptic press releases on the matter. Albertsons executives say they have “received an offer for the purchase of the entire company,” without revealing the suitor or proposed purchase price. Supervalu says it and “a consortium of investors” are in talks to acquire Albertsons, with no further details.

Earlier speculation had New Hyde Park, NY-based retail REIT Kimco Realty Corp. and Cerberus Capital Management of New York City teaming with Supervalu to acquire the 2,500-unit Albertsons. Additionally, drugstore chain CVS Corp. was said to be in talks to buy Alberssons’ 700 drugstores.