Supervalu Said to Seek Bids for Whole Amid Piecemeal Interest
Supervalu Inc. 's advisers are asking potential buyers to bid for the entire business even as several suitors have inquired about individual parts of the grocery company, according to people with knowledge of the matter.Full Story
#1 Aug 25, 2012
Why not bid for assests after bankruptcy ?
#2 Aug 26, 2012
It depends on what and who may bid on any division or asset. Grocery biz is very competitive, if you take a chance on an asset being available at bankruptcy, it could be sold to a competitor before it goes to bankruptcy. You would lose on the process, unless you convinced the courts that SV took to little for the asset and it was rebid. No, best way in right now is to buy before bankruptcy and have other bidders for the asset to protect against challenge in a bankruptcy court. Other option which SV wants now, is to sell it all and have someone else take it apart piece by piece with what is left over in liquidation or bankruptcy.
#3 Aug 28, 2012
Meredith Viera does not know her ass from a hole in the ground.
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