Supervalu’s Sav-a-Lot Spinoff Turns into a PE Sale

Ever since it sold the Albertson’s grocery store chain to private equity firm Cerberus Capital Management in 2013, Supervalu (NYSE: SVU) has relied upon its Save-A-Lot division for most of its performance. Last year, the grocery store operator announced it would be spinning off the chain, but now, Supervalu has changed directions, announcing it will instead sell Save-a-Lot to another private equity group, Onex, for $1.37 billion in cash. …read more

Read more here: Supervalu’s Sav-a-Lot Spinoff Turns into a PE Sale

Category: SVU

Leave a Reply

%d bloggers like this: