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QUAKER OFFERS ODD-LOT HOLDERS A COMMISSION-FREE SELLING/PURCHASING OPPORTUNITY

 CHICAGO, July 1 /PRNewswire/ -- The Quaker Oats Company (NYSE: OAT) today announced that it has retained Shareholder Communications Corporation to manage a commission-free selling/purchasing program for shareholders who owned fewer than 100 shares of Quaker common stock as of June 17, 1993.
 The program allows eligible shareholders the opportunity to sell all, but not less than all, of their eligible shares to Quaker, or purchase enough additional shares to reach exactly 100 shares.
 Shareholders will receive (or pay) a price per share equal to the average closing market price reported by the New York Stock Exchange for Quaker's common stock from July 1, 1993, through Aug. 4, 1993.
 Quaker is offering the program to save annual shareholder servicing costs by providing small shareholders with a convenient cost-free method of selling or purchasing shares.
 Shareholder Communications Corporation will be managing the program which is set to expire on Aug. 4, 1993, unless extended by Quaker.
 -0- 7/1/93
 /CONTACT: C. Mark Hussey of The Quaker Oats Company, 312-222-8442/
 (OAT)


CO: The Quaker Oats Company ST: Illinois IN: FOD SU:

TS -- NY046 -- 7658 07/01/93 11:08 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
Words:189
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