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RALPHS GROCERY CO. AMENDS CASH TENDER OFFER

 RALPHS GROCERY CO. AMENDS CASH TENDER OFFER
 LOS ANGELES, May 22 /PRNewswire/ -- Ralphs Grocery Co. announced


today that it was amending its cash tender offer for $400 million of 14 percent senior subordinated debentures due 2000 to provide that debentures tendered into the offer may be withdrawn at anytime after Aug. 27, 1992, unless already accepted for payment by Ralphs. Previously, the offer had not contained a fixed date allowing for the withdrawal of unpurchased debentures during possible extensions of the offer. Other than the provision for withdrawal rights after Aug. 27, 1992, no other terms or conditions of the tender offer have been amended.
 Ralphs commenced the tender offer for the debentures on May 1, 1992, at a cash price of 110 percent of their principal amount, plus accrued interest and a payment of 3 percent of their principal amount to those holders who consent to certain amendments to the related indenture. The offer and related solicitation to amend provisions of the indenture is scheduled to expire at midnight (EDT) on Friday, May 29, 1992.
 The offer is being made as part of a recapitalization plan being implemented by Ralphs and its parent, Ralphs Supermarkets Inc. The plan includes an initial public offering of common stock by Ralphs Supermarkets and a public offering of new debentures by Ralphs.
 -0- 5/22/92
 /CONTACT: Jan Charles Gray (media), 310-637-7791, or Alan J. Reed (investors), 310-605-4516, both of Ralphs Grocery Co./ CO: Ralphs Grocery Co. ST: California IN: REA SU: OFR


DM -- LA016 -- 3390 05/22/92 14:53 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:259
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