SAKERS TO TAKE FOODARAMA PRIVATE

FREEHOLD, N.J. -- Foodarama Supermarkets here said the family of its chairman, Joseph Saker, and chief executive officer, Richard Saker, have made an offer to take the company private.The two executives and six other members of their family are offering $52 per share for the ShopRite operator, which has 26 supermarkets in New Jersey and is a member of the Wakefern cooperative. The proposal values

FREEHOLD, N.J. -- Foodarama Supermarkets here said the family of its chairman, Joseph Saker, and chief executive officer, Richard Saker, have made an offer to take the company private.

The two executives and six other members of their family are offering $52 per share for the ShopRite operator, which has 26 supermarkets in New Jersey and is a member of the Wakefern cooperative. The proposal values the company at about $51.4 million. The Sakers already control about 51% of the company'

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