Albertson's Buyout Talks Back On

Supervalu is part of a group that's interested in acquiring the company.
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Supervalu

(SVU)

is part of a group that's back in talks to acquire Idaho-based food and drugstore operator

Albertson's

(ABS)

, but said there was no guarantee the discussions would lead to a definitive agreement.

The company didn't disclose potential terms on Friday. Albertson's said separately that it had received an offer for the entire company. Though it didn't identify the bidder, Albertson's said the proposal came from a consortium that had previously submitted an offer in December.

Last month, Albertson's ended talks with a potential buyout group made up of Supervalu,

CVS

(CVS) - Get Report

,

Kimco Realty

(KIM) - Get Report

and Cerberus Capital, a hedge fund. That offer was said to be valued at $9.6 billion, or $26 a share.

Albertson's said it does not expect to disclose additional developments regarding the proposal unless its board approved a definitive transaction or terminates the discussions.

Shares of Albertson's were gaining 33 cents, or 1.4%, to $24.20. Supervalu, a Minnesota-based grocery chain, was down 15 cents to $32.04.