Supervalu to Sell Save-A-Lot Chain to Onex for $1.37 Billion
Bloomberg, Oct. 17, 2016–Serafino, Phil; Giammona, Craig; Deveau, Scott
Supervalu agreed to sell its Save-A-Lot grocery business to Canada’s Onex Corp. for $1.37 billion in cash, offloading a discount chain at a time of heavy price competition.
