Allan Reich and Hillary Ebach noted in The American Lawyer

The "Big Deals / Big Suits" column of the April 2006 issue of The American Lawyer notes Allan Reich and Hillary Ebach as outside [corporate and securities] counsel to Klaff Realty LP, part of the group led by Cerberus Capital Management, L.P in purchasing 655 supermarket stores from Supervalu which it had acquired from the break-up of the Albertson's supermarket and drugstore chain. Albertson's announced on January 23 that it would sell to a consortium of seven acquirors led by Supervalu Inc. for a total of $17.4 billion in cash, stock, and assumed debt. The various members of the consortium will acquire different pieces of the target. Supervalu will pay $3.8 billion in cash and $2.5 billion in stock and assume $6.1 billion in Albertson debt in exchange for 1,126 Albertson's stores on the West Coast and in the Chicago area, Pennsylvania, and New England. In the second part of the deal, CVS Corporation will pay $2.93 billion in cash for Albertson's 700 drugstores as well as a California distribution center. And in the deal's final component, a group led by Cerberus Capital Management, L.P., will buy the 655 supermarket stores that Supervalu is passing on for $2.1 billion in cash. Cerberus is being joined in this acquisition by Kimco Realty Corporation, based in New Hyde Park, New York; Schottenstein Stores Corporation, in Columbus; Lubert-Adler Partners, in Philadelphia; and Klaff Realty LP, in Chicago.