Supervalu Sells Save-A-Lot for $1.365 billion


MarketWatch is reporting this morning that Supervalu is selling its Save-A-Lot business to the Canadian private equity group Onex Corporation for $1.365 billion.   Supervalu will continue to supply Save-A-Lot with product as part of a five-year professional services agreement.   This will include more than 1,300 stores around the country, the majority of locations being owned by licensees.