Richard Auletta Quotations

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.

Cerberus is traditionally a long-term investor so they look for undervalued assets they can acquire and help grow.

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.

It's a significant business and one they feel is undervalued. They're moving forward with running the business.

The Albertsons name will remain, and Cerberus will bring in a chief executive officer and president.

The hope is they (Cerberus) can improve sales and improve margins to actually make it a better deal for us.

The completion is not expected till mid-year and until then it is business as usual.