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FRED MEYER INC. FILES PUBLIC OFFERING OF 3,000,000 SHARES OF COMMON STOCK

 PORTLAND, Ore., Aug. 20 /PRNewswire/ -- Fred Meyer Inc. (NYSE: FMY) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed public offering of 3,000,000 shares of common stock. The planned offering, which will be made only by prospectus, will consist of shares to be sold by FMI Associates, an affiliate of Kohlberg Kravis Roberts & Co., L.P. In addition, FMI Associates has granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares. The company is not selling any shares in the offering. Goldman, Sachs & Co. will lead manage the offering with Lehman Brothers acting as co-manager.
 FMI Associates currently owns approximately 51 percent of the Fred Meyer common stock. The sale of 3,000,000 shares will reduce its ownership to approximately 40 percent.
 Fred Meyer Inc., headquartered in Portland, is a leading regional retailer of a wide range of food, products for the home, apparel and fine jewelry. The company currently operates 125 stores, including 94 large multidepartment stores in Oregon, Washington, Utah, Alaska, Idaho, California and Montana.
 The company's common stock is listed on the New York Stock Exchange under the symbol FMY.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Copies of the prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad St., New York, NY 10004.
 -0- 8/20/93
 /CONTACT: Ken Thrasher, senior vice president - finance, Fred Meyer, 503-232-8844/
 (FMY)


CO: Fred Meyer Inc. ST: Oregon IN: REA SU: OFR

MN-JH -- SE001 -- 4623 08/20/93 09:07 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
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