SUPERVALU, Minneapolis, said last week it supports the decision by ShopKo Stores, Green Bay, Wis., and Phar-Mor, Youngstown, Ohio, to terminate their merger agreement. The termination means Supervalu will be unable to sell 90% of its 14.7 million ShopKo shares to a holding company formed for the merger. That stake is equivalent to 46% of ShopKo's equity. ich has failed repeatedly in its attempts over the years to organize various parts of our company." CATALINA MARKETING CORP., St. ...
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