CDS food fight as UNFI sues Goldman Sachs over SuperValu deal

By Dan Alderson

United Natural Foods Inc (UNFI) has summoned Goldman Sachs to court, accusing the bank of bad faith in the way it handled the US retailer’s buyout of SuperValu last year, a transaction which caused the target firm’s CDS spread to bloat by over 200bp in one day

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TAGS: Regulation CDS Goldman Sachs North America High yield bonds Credit derivatives