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CHOCK FULL O' NUTS ANNOUNCES PUBLIC OFFERING OF SUBSIDIARY'S SHARES

    CHOCK FULL O' NUTS ANNOUNCES PUBLIC OFFERING OF SUBSIDIARY'S SHARES
    NEW YORK, Dec. 6 /PRNewswire/ -- Chock full o' Nuts Corporation (NYSE: CHF) today announced that the registration statement covering the public offering by its subsidiary, Jimbo's Jumbos, Incorporated of 1.5 million shares of common stock, at an initial public offering price of $6 per share, became effective on Dec. 6, 1991.
    An underwriting group led by Ladenburg, Thalmann & Co. Inc. is offering these shares.  A prospectus may be obtained from Ladenburg, Thalmann or other members of its group.  Upon completion of the offering, Jimbo's Jumbos will receive net proceeds of $7,740,000 and approximately 73.1 percent of its outstanding shares will be held by Chock, 3.8 percent by the management of Jimbo's Jumbos and the balance by the public.
    -0-          12/6/91
    /CONTACT:  Leon Pordy, chairman of Chock full o' Nuts, 212-532-0300; or Cynthia A. Bond of Silverman, Heller Associates, 212-682-9222/
    (CHF) CO:  Chock full o' Nuts Corporation ST:  New York IN:  FOD SU:  OFR FC-SH -- NY030 -- 0092 12/06/91 12:03 EST
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Publication:PR Newswire
Date:Dec 6, 1991
Words:179
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