New York (February 27th, 2013) - Symphony Investors LLC announced that Symphony has extended the expiration of its tender offer for up to 30% of the outstanding shares of common stock of SUPERVALU Inc. (NYSE:SVU) at a purchase price of $4.00 per share, net to the seller in cash, without interest and subject to any applicable withholding tax, to 5:00 p.m., New York City time, on March 20, 2013, unless further extended in accordance with the terms of the tender offer agreement between Symphony, the Company and Cerberus Capital Management, L.P., the managing member of Symphony.
SUPERVALU INC., together with its subsidiaries, operates retail and wholesale food stores in the United States.
Dahlman Rose maintained Key Energy Services Inc. (NYSE:KEG) with a Hold and raised the price target from $8.00 to $10.00.
Key Energy Services, Inc. (KEG) recently reported fourth quarter 2012 consolidated revenues of $466.5 million, generating income from continuing operations of $13.5 million, or $0.09 per share. Third quarter 2012 consolidated revenues were $490.9 million with income from continuing operations of $22.1 million, or $0.15 per share.
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally.
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