SMITTY'S SUPER VALU BEING SOLD TO YUCAIPA COS. FOR $141 MILLION

PHOENIX -- After years of moving on and off the sales block, Smitty's Super Valu here is being sold by Steinberg International, Montreal, to Yucaipa Cos.Yucaipa, based in Claremont, Calif., will pay $141 million for the 28-store chain, including $70 million in cash and $71 million in repayment and assumption of debts. The deal is expected to close in late June.Smitty's annual sales volume is about

PHOENIX -- After years of moving on and off the sales block, Smitty's Super Valu here is being sold by Steinberg International, Montreal, to Yucaipa Cos.

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