Cerberus is traditionally a long-term investor so they look for undervalued assets they can acquire and help grow. |
Cerberus is traditionally a long-term investor. What they do is look for undervalued assets that they can acquire, then turn around and help them grow. |
It's a significant business and one they feel is undervalued. They're moving forward with running the business. |
That's unequivocal. There's been all sorts of speculation by all sorts of analysts who have never heard the word accountability. People can speculate all they want, but we made a very simple statement in our press release. |
The Albertsons name will remain, and Cerberus will bring in a chief executive officer and president. |
The completion is not expected till mid-year and until then it is business as usual. |
The hope is they (Cerberus) can improve sales and improve margins to actually make it a better deal for us. |