Supervalu (SVU), which was expected to report fourth-quarter earnings early Thursday morning, struck a deal with private equity firm Cerberus to sell its Albertsons chain for $100 million cash, Dow Jones Newswires reported.

Cerberus will also reportedly offer to buy 30% of Supervalu at $4 per share.

Shares of Supervalu jumped 48 cents, or 15.79%, in pre-market trading Thursday.

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