SUPERMARKETS GENERAL <SGL> GETS UNSOLICITED BID
Supermarkets General Corp said
it received an unsolicited proposal from a third party to
acquire the company at 41.75 dlrs per share in cash.
    Supermarkets also said it retained Shearson Lehman Brothers
Inc to advise its board of directors on the proposal.
    Supermarkets General currently has about 38.5 mln shares
outstanding.
    Its stock is currently trading at 34-1/4 on the New York
Stock Exchange.
    The Woodbridge, N.J., supermarket operator of over 180
supermarkets and other specialty retail stores, convenience
food stores and drug stores.
    For the nine months ended November 30, Supermarkets
reported net income of 41.7 mln dlrs.
   
 Reuter
