CPC INTERNATIONAL TO REDEEM DEBENTURES.ENGLEWOOD CLIFFS, NJ--(BUSINESS WIRE)--March 21, 1996--CPC International Inc. announces that, on April 15, 1996, it will redeem the entire $100 million of its 8 1/2% debentures due 2016 (Cusip No. 126149AA1) at a price of 104.25%. ABOUT CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. INTERNATIONAL: CPC International Inc. is among the largest U.S. food companies and ranks as one of the 100 largest industrial companies in the U.S., with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of over $9 billion. Best known among CPC's U.S. products are: Hellmann's and Best Foods Hellmann's and Best Foods are brand names that are used for the same line of mayonnaise and other food products. The Hellmann's brand is sold in the United States east of the Rocky Mountains, and also in Latin America, Europe, and Canada. mayonnaise, Mazola corn oil and margarine, Skippy peanut butter, Knorr soups, sauces, and bouillons, Entenmann's sweet baked products, Thomas' English muffins, Arnold, Brownberry, Freihofer's, and Oroweat breads, Boboli Italian bread shells, Mueller's pasta, and Karo KARO Kane Amateur Radio Operators (Kane, PA) syrup. CPC's global Knorr brand comprises one of the world's most extensive lines of products. CPC is one of the nation's most international food companies, with operations in 63 countries. CPC is also one of the largest corn refiners, with operations in North America and Latin America. CONTACT: CPC International Inc. Media contact: Gale Griffin, V.P. Corp. Communications (201) 894-2407 or Analyst Contact: John W. Scott, V.P. Investor Relations Investor relations The process by which the corporation communicates with its investors. (201) 894-2837 |
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