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FRED MEYER FILES PUBLIC OFFERING OF 4,000,000 SHARES OF COMMON STOCK

FRED MEYER FILES PUBLIC OFFERING OF 4,000,000 SHARES OF COMMON STOCK
 PORTLAND, Ore., March 9 /PRNewswire/ -- Fred Meyer Inc. (NASDAQ-NMS: MEYR) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed public offering of 4,000,000 shares of common stock. The planned offering, which will be made only by prospectus, will consist of 2,000,000 shares sold by the company and 2,000,000 shares sold by an affiliate of Kohlberg Kravis Roberts & Co. L.P. In addition, the affiliate of Kohlberg Kravis Roberts & Co. L.P. has granted the underwriters an option for 30 days to purchase up to an additional 600,000 shares. Goldman, Sachs & Co. will lead manage the offering with Lehman Brothers acting as co-manager.
 The company's common stock is quoted through the NASDAQ National Market System under the symbol MEYR. The company intends to use the net proceeds from the sale of its shares to reduce borrowings under its unrated commercial paper programs and bank credit agreement.
 Fred Meyer Inc., headquartered in Portland, is a leading regional retailer of a wide range of general merchandise, food, apparel, fine jewelry and home improvement products. The company currently operates 122 stores, including 94 large multidepartment stores, in Oregon, Washington, Utah, Alaska, Idaho, California and Montana.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, N.Y. 10004.
 -0- 3/9/92
 /CONTACT: Ken Thrasher of Fred Meyer, 503-232-8844/
 (MEYR) CO: Fred Meyer Inc. ST: Oregon IN: REA SU: OFR


SC -- SE007 -- 6359 03/09/92 11:16 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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