Onex to Acquire Save-A-Lot from SUPERVALU (SVU) for $1.365B
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Onex to Acquire Save-A-Lot
October 17, 2016 6:45 AM EDTTORONTO, ONTARIO -- (Marketwired) -- 10/17/16 -- All amounts in U.S. dollars unless otherwise stated
Onex Corporation ("Onex") (TSX: OCX) today announced it has agreed to acquire the Save-A-Lot business ("Save-A-Lot") from SUPERVALU INC. ("SUPERVALU") for $1.365 billion. Save-A-Lot is one of the largest hard-discount grocery retailers for value-seeking shoppers in the United States. The transaction is anticipated to close by January 31, 2017 subject to customary conditions and regulatory approvals.
Headquartered in St. Louis, Save-A-Lot has a network of approximately 1,370 corporate-owned and licensed stores across 37 states, the Caribbean and Central America. Save-A-Lot... More
