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RANDALL'S MANAGEMENT CORPORATION, INC. ACQUIRES CULLUM COMPANIES, INC.

RANDALL'S MANAGEMENT CORPORATION, INC. ACQUIRES CULLUM COMPANIES, INC.
 DALLAS AND HOUSTON, Aug. 24 /PRNewswire/ -- Randall's Management Corporation, Inc. and Cullum Companies, Inc. announced that today Randall's acquired 97.3 percent of the issued and outstanding stock of Cullum Companies, Inc., a Dallas-based supermarket retailer. Randall's will acquire the remaining stock of Cullum in a cash merger. The companies did not disclose the terms of these transactions.
 Cullum is a leading supermarket retailer in the Dallas, Fort Worth and Austin metropolitan areas of Texas. Its operations include Tom Thumb-Page Food and Drug Centers, Tom Thumb Supermarkets, Page Super Drugs, Simon David Gourmet Food Stores and Drugs Plus discount drug stores.
 Randall's anticipates that Cullum will continue to operate as a separate legal entity and its existing public debt securities will remain outstanding. Randall's transferred $25 million into Cullum for general use. From time to time and in the open market, both Randall's and Cullum plan to buy existing public debt securities of Cullum.
 Randall's is the leading supermarket retailer in the Houston metropolitan area and various Southeast Texas towns. It operates Randall's Food and Drugs and Randall's Flagship stores.
 -0- 8/24/92
 /CONTACT: Bob Gowens, executive vice president - finance and administration of Randall's Management Corporation, Inc., 713-268-3644 or 713-268-3645, or Jack Evans Jr., chairman of Cullum Companies, Inc., 214-385-2846/ CO: Randall's Management Corporation, Inc.; Cullum Companies, In ST: tEXAS IN: REA SU: TNM


LR -- NY057 -- 2621 08/24/92 13:39 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
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