A lead buyer reportedly has emerged for Save-A-Lot, the Earth City-based grocery chain that Supervalu Inc. has been considering selling.
Canadian private equity firm Onex Corp. has made the best offer in an auction for Save-A-Lot, Reuters reports, citing people familiar with the matter. Minneapolis-based Supervalu announced in August it was evaluating a possible sale of Save-A-Lot as an alternative to its year-old plan to spin off the chain into a separate publicly trade company.. . . more