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AU BON PAIN TO ACQUIRE WARBURTONS 22-STORE BAKERY CAFE CHAIN

 AU BON PAIN TO ACQUIRE WARBURTONS 22-STORE BAKERY CAFE CHAIN
 BOSTON, May 1, /PRNewswire/ -- Au Bon Pain, Inc. (NASDAQ: ABPCA) and privately owned Warburtons, Inc. of Chicago, Ill., the owner and operator of quick service bakery, cafe-style restaurants, today announced that they had reached agreement in principle for the acquisition by Au Bon Pain of all of Warburtons' retail locations. Warburtons' bakery cafes are located in Boston, Pittsburgh and Chicago. Financial terms were not disclosed. The transaction is subject to various contingencies including the consent of the landlords to certain lease-related matters. The transaction is subject to negotiation and execution of definitive agreements and approval by the board of directors of Au Bon Pain Co., Inc. and the shareholders of Warburtons, Inc.
 -0- 5/1/92
 /CONTACT: Anthony J. Carroll, chief financial officer of Au Bon Pain, 617-423-2100/
 (ABPCA) CO: Au Bon Pain Co., Inc.; Warburtons, Inc. ST: Massachusetts; Illinois IN: LEI FOD SU: TNM


DH -- NE002 -- 5310 05/01/92 08:46 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:164
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