SUPERVALU WELCOMES YUCAIPA'S INVESTMENT

MINNEAPOLIS - Supervalu here said last week it does not contemplate any management role for representatives of Yucaipa Cos. if the investment firm follows through on its intentions to acquire up to $680 million worth of the distributor's common stock, or about 12% of the total shares outstanding.Industry analysts told SN any involvement by Yucaipa could potentially strengthen Supervalu's management

MINNEAPOLIS - Supervalu here said last week it does not contemplate any management role for representatives of Yucaipa Cos. if the investment firm follows through on its intentions to acquire up to $680 million worth of the distributor's common stock, or about 12% of the total shares outstanding.

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TAGS: Supervalu