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The Boston Globe

Business

Shaw’s, Star Market part of proposed $3.3b sale

Shaw’s and its sister supermarket brand Star Market are part of a larger proposed $3.3 billion deal that could leave the local chains owned by a group of private equity firms that include Cerberus Capital Management, the firm that controls the Steward Hospital Health Care System hospital chain in Boston.

The struggling parent of the Shaw’s and Star Market chain of roughly 170 stores, Supervalu Inc. of Minnesota, said Thursday that it has agreed to sell several of its supermarket chains across the country to an affiliate of Cerberus Capital Management LP.

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