Shaw's to be Sold in $3.3 Billion Deal
The owner of Shaw's and Star Market is selling stores to Cerberus Capital Management.
Shaw's and Star Market agreed to sell several stores to Cerberus Capital Management as part of $3.3 billion deal, according to a report in the Boston Globe Thursday. Cerberus Capital Management is a private equity firm that also controls Steward Hospital Health Care System. Supervalu Inc. of Minnesota owns Shaw's and Star Market and is expect to sell 169 stores as part of the deal for $100 million in cash, while Cerberus will assume $3.2 billion in existing debt the Globe reports. While the Boston Herald wrote "no immediate changes are planned for the West Bridgewater-based Shaw’s and Star Market grocery chains," the paper reported the deal "prompted speculation that some Shaw’s and Star Markets could return to the block after the deal …
David Dallaire
2:05 pm on Sunday, January 13, 2013
Good riddens to them. I can get $90.00 worth of groceries at Market basket rather than $43.00 at Shaws. They are very expensive. The quality of their food is sub standard. I've bought three loaves of bread from the one in Stoughton, and two days later they are full of mold. God forbid you go to the deli and ask for something while the employees are talking about their personal lives. They are not… more ›