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MAPLE LEAF FOODS AND CORPORATE FOODS STATE MERGER PRE-CONDITION

 MAPLE LEAF FOODS AND CORPORATE FOODS STATE MERGER PRE-CONDITION
 TORONTO, April 24 /PRNewswire/ -- Maple Leaf Foods Inc. (Toronto Stock Exchange: MLF; The Montreal Exchange: MLF) and Corporate Foods Limited announced jointly today, in connection with the proposed merger of the two companies, that it is a condition of proceeding with the merger that Corporate Foods redeem the 25,000 outstanding preference shares prior to the completion of the merger. Under their terms, the preference shares are redeemable on 30 days notice at $52.75 per share.
 -0- 4/24/92
 /CONTACT: Art Devlin of Maple Leaf Foods, 416-926-2047; or Robert H. Bonus of Corporate Foods Limited, 416-622-2040/
 (MLF.) CO: Maple Leaf Foods Inc.; Corporate Foods Limited ST: Ontario IN: FOD SU: TNM


TQ -- NY073 -- 2579 04/24/92 14:57 EDT
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Publication:PR Newswire
Date:Apr 24, 1992
Words:131
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