Takeover talk surrounds Supervalu, Best Buy

  • Article by: MIKE HUGHLETT and THOMAS LEE , Star Tribune staff writers
  • Updated: June 13, 2012 - 9:26 PM

Shares of Supervalu and Best Buy have fallen so much that some observers think takeovers are possible.

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jcinmnJun. 13, 1210:35 PM

AWWWWW! More corporate cannibalism in the making. This is why we need the Bush Tax Cuts so underfunded suiters can take these businesses over, sack and loot and put the employees on the unemployment line. Sickening!!!!

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hittodeadJun. 14, 12 1:49 AM

The story should have mentioned that Supervalu is the parent company of Cub Foods, which is how most readers would relate to it.

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elmi0001Jun. 14, 12 6:46 AM

Combine the two and give Menard's a challenger in the ever expanding store that carries everything you never knew you needed.

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jafblumpkinJun. 14, 12 7:50 AM

The Best Buy story is a joke. Unless they own property, gold reserves or are sitting on unreported cash; the company is worth zero. Too bad Schultz owns 20% - it's not like he had over a decade to sell his shares.

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Tinye67Jun. 14, 12 8:19 AM

jafblumpkin.......I agree that BBY is in trouble, but you think it's worth zero?? Ridiculous comment. They generate over 2B yearly in cash flow and still are the dominate retailer in the space by far. They undoubtedly are worth something.

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research2dayJun. 14, 12 8:23 AM

The difference between SV and its successful competitors is SV's inability or refusal to make their stores attractive. Walk into a Cub and then WalMart. As much as I hate WalMart, I have to admit, everyone of their food sections is far superior to Cub in attractiveness, cleanliness, and the attitude and appearance of the employees. But then again, SV has always been an arrogant company. They still like to ride on that belief that since they are so big they have the control. The only control they have is on being mediocre at best.

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xyzzy72Jun. 14, 12 9:20 AM

The unions are killing Supervalu (Cub) and Roundys (Rainbow). That's why Walmart and Target have more attractive prices.

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roymercerJun. 14, 1210:13 AM

Both companies operate under weak management. All the more reason for private equity to come in and fix the mess.

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railroadJun. 14, 1211:23 AM

The only union members at cub are the meat cutters and maybe the bakers.. otherwise than that... the rest are non union workers... Cub has priced themselves right out of the business... You can save alot by going to Walmart or even Sam's club or Costco... Cub also treats their employees crappy... if you are sick, you cant call in sick or you are let go.. you want sick employees waiting on you at the bakery section? or the meat counter? Crappy company

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StarquestJun. 14, 1212:05 PM

So Supervalu is under pressure to cut prices? Do people understand what happens when prices are "cut" at supermarkets? The ever-shrinking package sizes will be shrunken even more. I used to pay $1.25 for 10 frozen waffles two years ago. They're now $2.63 and the waffles have gotten smaller. No thanks.

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