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KASH N' KARRY FOOD STORES EXTENDS TENDER OFFER

 TAMPA, Fla., Aug. 5 /PRNewswire/ -- Kash n' Karry Food Stores, Inc. announced today that it has extended the expiration date of the tender offer for its outstanding 14 percent subordinated debentures due 2001 to midnight New York City time on Aug. 5, 1993, from Aug. 4, 1993.
 As previously announced, under the terms of the tender offer, Kash n' Karry is offering to purchase the 14 percent debentures at a price equal to 109.25 percent of the principal amount of each tendered debenture plus accrued interest. In addition, in a concurrent consent solicitation, the company is offering to pay holders a cash payment equal to 1.0 percent of the principal amount of 14 percent debentures for which a validly delivered and unrevoked consent has been received prior to the consent date. The consent date is anticipated to occur today, Aug. 5, 1993, on or about 5:30 p.m., New York City time.
 As of Aug. 4, 1993, approximately $79,929,000 principal amount of 14 percent debentures and accompanying consents had been tendered.
 The dealer managers for the tender offer and the consent solicitation are Salomon Brothers Inc and Merrill Lynch & Co. Information concerning the tender offer and the consent solicitation can be obtained by calling the information agent, D.F. King & Co., Inc., toll free at 800-669-5550.
 Kash n' Karry is the third largest food retailer in west central Florida.
 -0- 8/5/93
 /CONTACT: Raymond P. Springer of Kash n' Karry Food Stores, Inc., 813-621-0200, or John L. Bibas of D.F. King & Co., Inc., 212-269-5550, for Kash n' Karry Food Stores/


CO: Kash n' Karry Food Stores, Inc. ST: Florida IN: REA SU:

SM-SH -- NY013 -- 9738 08/05/93 09:13 EDT
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Publication:PR Newswire
Date:Aug 5, 1993
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