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GENERAL MILLS WILL RECORD $10 MILLION CHARGE TO DISCONTINUED OPERATIONS

GENERAL MILLS WILL RECORD $10 MILLION CHARGE TO DISCONTINUED OPERATIONS
 MINNEAPOLIS, Minn., May 29 /PRNewswire/ -- General Mills (NYSE: GIS) announced today that it will record a net charge to discontinued operations of approximately $10 million (6 cents per share) when reporting results for the fiscal year ending May 31, 1992.
 This charge primarily relates to a potential lease adjustment being negotiated with the R.H. Macy Company under bankruptcy law regarding New York City office space. The space subleased by Macy's was previously occupied by a General Mills Fashion company. Macy's recently filed for Chapter 11 bankruptcy protection.
 General Mills discontinued its fashion industry activities in 1985.
 -0- 5/29/92
 /CONTACT: Dean Belbas of General Mills, 612-540-2443/
 (GIS) CO: General Mills ST: Minnesota IN: FOD SU:


KH -- MN004 -- 5126 05/29/92 10:46 EDT
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Publication:PR Newswire
Date:May 29, 1992
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