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Cerberus reportedly seeking financing for Supervalu deal
New York -- Multiple reports on Monday suggested that private equity firm Cerberus Capital Management, which owns the struggling Albertsons LLC, may be putting together a deal to buy all or part of the grocery chain.
Cerberus is said to be seeking $4 billion to $5 billion in debt financing from banks to back a bid and is looking at investing $800 to $900 in equity in its takeover quest, a person familiar with the matter is reported to have said. That same source cautioned that the figures could change.
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Santa Fe Cattle Co. opens at Stirling Bossier Shopping Center
Bossier City, La. -- Covington, La.-based Stirling Properties announced the opening of a new 7,918-sq.-ft. Santa Fe Cattle Co. restaurant at its Stirling Bossier Shopping Center property, located on Airline Drive in Bossier City.
Headquartered in Baton Rouge, La., Santa Fe Cattle Co. operates 19 locations in six states, including four in Louisiana.