Supervalu to sell Save-A-Lot to Onex for $1.37 bln: Reuters
Supervalu Inc said it would sell its Save-A-Lot business to Canadian private equity firm Onex Corp for US$1.37 billion, more than a year after making public plans to spin off the discount grocery chain, Reuters reported. Save-A-Lot has a network of about 1,370 company-owned and licensed stores across 37 states in the United States, the Caribbean and Central America. Onex made the best offer in an auction for Save-A-Lot, Reuters reported in September.
17 October 2016•2 mins read
