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LAND O'LAKES COMPLETES TENDER OFFER FOR COUNTRY LAKE FOODS

       LAND O'LAKES COMPLETES TENDER OFFER FOR COUNTRY LAKE FOODS
    MINNEAPOLIS, Nov. 5 /PRNewswire/ -- Land O'Lakes, Inc., announced today that 1,402,347 shares of the common stock of Country Lake Foods Inc. (NASDAQ: CLFI), had been validly tendered pursuant to the LOL Acquisition Company Subsidiary tender offer which terminated at Midnight Eastern time yesterday.  After settlement of the purchases of tendered shares, which is expected to occur early next week, Land O'Lakes and its acquisition subsidiary will together own 99.4 percent of the outstanding shares of Country Lake Foods.
    Land O'Lakes intends to complete the acquisition of the remaining shares through a short-form merger approved by the board of directors of Country Lake Foods in accordance with Delaware law.  A meeting of stockholders will not be necessary.
    Land O'Lakes is a major agribusiness/food cooperative headquartered in Arden Hills, Minn.  Country Lake Foods, headquartered in Minneapolis, produces and distributes fresh packaged milk, ice cream, other dairy products and fruit juices in a six-state Midwest region.
    -0-                     11/5/91
    /CONTACT:  Curt Swenson of Swenson/Falker Associates Inc., 612-371-0000; or Terry Nagle of Land O'Lakes, 612-481-2271; or Tim Martin of Country Lake Foods, 612-851-1260/
    (CLFI) CO:  Land O'Lakes, Inc.; Country Lake Foods Inc. ST:  Minnesota IN:  FOD SU:  TNM JS -- MN005 -- 1149 11/05/91 10:05 EST
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Publication:PR Newswire
Date:Nov 5, 1991
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