• Bloomberg Business Week has a piece about how, "as Cerberus Capital Management buys half of Supervalu, the private equity outfit will also gain a big say over the embattled supermarket operator's remaining businesses ... Supervalu's post-deal chairman is the CEO of Cerberus-owned Albertson's LLC, an entity created when the private equity group bought the dregs of the old Albertsons chain in 2006 and Supervalu got its prime stores. Albertson's is seen as a successful investment for Cerberus, while Supervalu's stock peaked at more than $40 in 2007 and closed Friday at $3.53."

""One executed well. The other destroyed value on an epic proportion," Karen Short, an analyst at BMO Capital Markets, tells Bloomberg Business Week.

It is suggested in the piece that "with Cerberus on board, Supervalu's management might be on a tighter leash from its board of directors. And cost-cutting could get more intense."

• The Wall Street Journal writes that in investing $3.3 billion to buy five Supervalu grocery chains made up of 877 stores, Cerberus may be getting "real estate worth at least as much as the group paid." About half the stores involved, the story says, "are either company-owned or subject to ground leases, people familiar with the deal said. Ground leases are long-term deals that let tenants develop and make improvements to land, as if they were the owner ... At an estimated value of at least $150 to $200 per square foot, those properties could be worth a total of between $3.3 billion and $4.4 billion."