/C O R R E C T I O N -- Cerberus Capital Management, L.P./

NEW YORK, Jan. 23 /PRNewswire/ -- A consortium consisting of SUPERVALU INC. , CVS Corporation , and an investment group led by Cerberus Capital Management, L.P., has agreed to acquire Albertsons, Inc in transactions valued at $17.4 billion in the aggregate. The Cerberus-led investment group includes Kimco Realty Corporation , Schottenstein Stores Corp., Lubert-Adler Partners and Klaff Realty, LP. The Cerberus-led group is to acquire all Albertsons stores in Dallas/Ft. Worth, Northern California, Florida, the Rocky Mountains and the Southwest. The stores have in excess of $10 billion in sales revenue. The group plans to operate the stores under the Albertsons name on an ongoing basis.

Lazard, Lehman Brothers, UBS Investment Bank, J.P. Morgan Securities Inc. and Wachovia Securities were the financial advisors to the consortium.

An announcement of the deal was made earlier today by Albertsons, SUPERVALU and CVS.