Richard Auletta
Richard Auletta
bring chief executive name officer
The Albertsons name will remain, and Cerberus will bring in a chief executive officer and president.
heard people press simple sorts speculate statement word
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.
assets help turn
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.
acquire assets help investor
Cerberus is traditionally a long-term investor so they look for undervalued assets they can acquire and help grow.
business forward moving running
It's a significant business and one they feel is undervalued. They're moving forward with running the business.
business completion expected till until
The completion is not expected till mid-year and until then it is business as usual.
deal hope improve margins sales
The hope is they (Cerberus) can improve sales and improve margins to actually make it a better deal for us.