The New York times is reporting that Albertson's Board Rejects $9.6 Billion Bid -. The group was the now standard (Big Private Equity + Operating Company + Real Estate Co.) setup with Cerberus, Kimco and SuperValu and CVS.
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Albertson's shareholders must be wondering what the board's plan is to get them greater than $26 per share in value.
Posted by: Kristine | December 23, 2005 at 12:55 PM
My guess is that they think they can get a similar deal from another bidding group with the same Real Estate + Big Private Equity + Operating Co. structure. Someone like Lubert Adler would be interested, maybe Vornado.
Posted by: Jeremiah | December 28, 2005 at 09:52 AM