Buyout firm Onex in the lead to acquire Save-A-Lot: Reuters
Canadian private equity firm Onex Corp has made the best acquisition offer in an auction for Save-A-Lot, the discount grocery U.S. retail chain that Supervalu Inc has been considering divesting, sources told Reuters. The price that Onex is offering could not be learned, but sources have previously indicated that Save-A-Lot could be valued at as much as US$1.8 billion. Supervalu, based in Eden Prairie, Minnesota, announced its intention to spin off Save-A-Lot a year ago. Reuters reported in December that Supervalu would consider an outright sale of Save-A-Lot after receiving interest from private equity firms.
29 September 2016•2 mins read
