Oct 17 Supervalu Inc said it would sell its Save-A-Lot business to Canadian private equity firm Onex Corp for $1.37 billion, more than a year after saying it was considering a spinoff of the discount grocery chain.
Supervalu will enter into a five-year agreement to provide Save-A-Lot with certain services and support functions for its day-to-day operations as part of the deal, the company said on Monday.
Supervalu said it expects to use proceeds from the sale to prepay at least $750 million of debt. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.