Onex

Supervalu sells Save-A-Lot for nearly $1.4 billion

Supervalu sells Save-A-Lot for nearly $1.4 billion

MINNEAPOLIS — Supervalu Inc. has agreed to sell its Save-A-Lot hard discount grocery chain to private equity firm Onex Corp. for $1.365 billion in cash. The deal comes more than year after Supervalu announced that it was exploring options for a separation of the Save-A-Lot business, including a possible spin-off into a stand-alone, publicly traded