Mid-Day Update on Most Active Stocks For: (NYSE: SVU), (AMEX: PAL)
Supervalu Inc. (NYSE: SVU), a U.S. grocery channel, is seeing a huge rally in mid-day trading today after the company announced a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on-in-store pharmacies to an affiliate of a Cerberus Capital Management-led investor consortium. SVU also announced its financial results for the third quarter earlier today.
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