SUPERMARKETS GENERAL &lt;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.
  

