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THE MORNINGSTAR GROUP AMENDS AND EXTENDS TENDER OFFER FOR ITS 13 PERCENT SENIOR SUBORDINATED DEBENTURES DUE 2000

 THE MORNINGSTAR GROUP AMENDS AND EXTENDS TENDER OFFER FOR ITS
 13 PERCENT SENIOR SUBORDINATED DEBENTURES DUE 2000
 DALLAS, April 23 /PRNewswire/ -- The Morningstar Group Inc. (formerly MorningStar Foods Inc.) today announced that, with regard to the terms of its offer to purchase its 13 percent senior subordinated debentures due 2000 ("Debentures") for $1,112.50 per $1,000 principal amount plus accrued and unpaid interest (the "Offer"), it is (i) decreasing the amount of Debentures subject to such offer to $34,000,000 in aggregate principal amount, (ii) amending the terms of the Offer to provide that, if more than $34,000,000 in aggregate principal amount of Debentures is properly tendered prior to 5:00 p.m., New York time, on Friday, May 8, 1992 and not withdrawn, Debentures which are purchased pursuant to the Offer will, subject to the other terms and conditions of the Offer, be purchased on a pro rata basis, and (iii) extending the expiration date of the Offer to 5:00 p.m., New York time, on Friday May 8, 1992. Morningstar announced that, as of the close of business on April 22, 1992, it had received tenders of $38,302,000 principal amount of Debentures.
 Copies of the tender offer documents may be obtained by contacting the Morningstar Group Inc. or the Co-Dealer Mangers of the Offer, the First Boston Corporation and Donaldson, Lufkin & Jenrette Securities Corporation.
 -0- 4/23/92
 /CONTACT: John P. Clarson of Morningstar Group, 214-360-4777; or Timothy P. O'Hara of First Boston Corporation, 212-909-3290, or Michael L. Crow of Donaldson, Lufkin & Jenrette Securities, 214-979-4104, both for Morningstar Group/ CO: Morningstar Group Inc. ST: Texas IN: FOD SU:


TQ -- NY026 -- 1699 04/23/92 09:25 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
Words:287
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