CD&R and KKR Reportedly Make Initial Bid for U.S. Foodservice

Reuters reported that an unmade source told it Clayton, Dubilier & Rice (CD&R) is heading up the takeover bid and values the business at approximately $5 billion. The source noted that the CD&R/KKK bid could result in a deal during the first quarter of 2007.

CD&R and KKR have declined to comment, and rumor that KKR was preparing to bid for all of Ahold was quashed late last week by a source familiar with the matter.

Another source earlier informed Reuters that Cerberus Capital Management, yet another private equity firm, was also considering buying U.S. Foodservice.


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