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Investor Group Agrees to Buy Circle K: An investor group that includes the owner of Saks Fifth Avenue agreed to buy Circle K Corp. in a $425-million deal that would end the convenience store chain’s bankruptcy case. However, the attorney for unsecured bondholders said his clients would likely oppose the sale. The deal was part of the reorganization plan submitted by Circle K to U.S. Bankruptcy Judge George Nielson, who must approve the sale of the company and its 3,700 stores in 32 states. In addition, Circle K must also win approval from its four major creditor groups--bondholders, noteholders, banks and unsecured creditors. The company owes about $1.2 billion to those groups.