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Supervalu Shares Are Spiking

Rob WileJan 10, 2013, 20:08 IST

Supervalu shares were up as much as +15 percent after the grocer announced it would sell many of its components to Cereberus for $3.3 billion, the Wall Street Journal reports.

The private equity firm along with some real-estate firms will pay $100 million for 877 stores, including Albertsons outlets.

They'll take on an additional $3.2 billion in SVU's debt.

Supervalu was the worst-performing major stock in 2012, falling -71 percent.