SUPERVALU CAPS SALE OF SHOPKO INTEREST

MINNEAPOLIS -- Supervalu here said it may use the proceeds of $150 million from the sale of its investment in ShopKo Stores to invest in acquisitions in its core wholesale or retail food operations. opKo said 10 days ago they had reached a definitive agreement under which Supervalu will sell its 46% investment in ShopKo common stock to the discount retailer.Once the deal has been consummated -- sometime

MINNEAPOLIS -- Supervalu here said it may use the proceeds of $150 million from the sale of its investment in ShopKo Stores to invest in acquisitions in its core wholesale or retail food operations.

opKo said 10 days ago they had reached a definitive agreement under which Supervalu will sell its 46% investment in ShopKo common stock to the discount retailer.

Once the deal has been consummated -- sometime during the summer, the companies said -- Wright said he will give up his

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