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Supervalu shares surge as buyout news intensifies

from Bloomberg via The Pioneer Press

Supervalu shares saw their largest single-day gain in more than three decades after a JPMorgan Chase analyst upgraded the company's bonds on the possibility of a buyout. The shares advanced 45 percent to $3.17 on Oct. 22, the biggest gain since at least 1980. The Eden Prairie-based grocery company's shares have declined 61 percent this year. more


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