Save-A-Lot to be sold to Onex in $1.4B deal

Save-A-Lot to be sold to Onex in $1.4B deal

Supervalu to pay down debt, wins services deal; price slightly less than expected

Supervalu said Monday it has entered into an agreement to sell Save-A-Lot to an affiliate of the private equity firm Onex Corp. for $1.365 billion, ending more than a year of speculation as to the fate of the substantial but struggling discount business.

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