Department Stores | Earth City, MO | Corporate Divestiture
Onex has made the best offer at auction for discount grocery chain Save-A-Lot, according to Reuters. Save-A-Lot's parent company, Supervalu (NYSE: SVU), will reportedly make a decision on the potential Save-A-Lot sale in the next two weeks. The company operates 470 stores plus 896 more run by licensees. Shares of Supervalu stock closed up 5.93% on Thursday.