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DOSKOCIL COMPLETES SALE OF 2,000,000 SHARES OF COMMON STOCK

 HUTCHINSON, Kansas, March 22 /PRNewswire/ -- Doskocil Companies Incorporated (NASDAQ: DOSK) announced today that it completed the sale of 2,000,000 newly-issued shares of common stock at $15 a share to the investment firm of Joseph Littlejohn & Levy Fund, L.P. (JLL). The company applied the net proceeds from the sale to reduce its long-term debt. As a result of this purchase JLL owns approximately 25 percent of the company's outstanding common stock and may increase its holdings to 33 percent by purchasing additional
shares in open-market transactions from time to time. Seven individuals selected by JLL have been elected as members of an expanded 15-person board of directors of the company.
 Doskocil specializes in processing and marketing boneless hams, sausage, bacon and other branded and processed meat products for the foodservice, delicatessen and retail markets. The company also supplies pepperoni, beef and pork toppings to the pizza industry.
 -0- 3/22/93
 /CONTACT: Theodore A. Myers, Sr V.P. & CFO of Doskocil Companies Inc., 316-663-1005; or Desmond Towey or Bernadette McLaughlin of Desmond Towey & Associates, 212-888-7600, for Doskocil/
 (DOSK)


CO: Doskocil Companies Incorporated ST: Kansas IN: FOD SU:

SB -- NY075 -- 8276 03/22/93 14:06 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:198
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