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Supervalu Sees Shares Take Off Following Reports Of Onex's Plan To Buy Save-A-Lot Business

September 29, 2016: 12:00 AM EST
Shares of retailer Supervalu Inc. gained 9.6 percent in market value following reports that private equity firm Onex Corp. may purchase the company's Save-A-Lot chain of discount stores. According to Reuters, Supervalu is expected to make a decision in the next two weeks.
Nick Turner, "Supervalu Jumps After Report That Onex May Buy Save-A-Lot Chain", Bloomberg Markets, September 29, 2016, © Bloomberg L.P.
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