RYKOFF-SEXTON INC. AND CLARK FOODSERVICE INC. MUTUALLY AGREE TO TERMINATE DISCUSSIONS
RYKOFF-SEXTON INC. AND CLARK FOODSERVICE INC. MUTUALLY AGREE
TO TERMINATE DISCUSSIONS
LOS ANGELES, Nov. 18 /PRNewswire/ -- Rykoff-Sexton Inc. (NYSE: RYK) and Clark Foodservice Inc. today announced that they have mutually agreed to terminate discussions regarding the purchase of all of the outstanding stock of Clark Foodservice by Rykoff-Sexton. In October, the companies had announced the signing of a letter of intent to consummate the purchase.
Rykoff-Sexton Inc. is a leading manufacturer and distributor of food and related products for restaurants, institutions and membership warehouse stores nationwide. Manufacturing, processing and packaging operations are based in Los Angeles; Indianapolis, Ind.; Englewood, N.J.; Brooklyn, N.Y.; and Des Moines, Iowa. The company's 30 distribution centers are located throughout the United States.
/CONTACT: Roger W. Coleman, president of Rykoff-Sexton Inc., 213-622-4131; or Roger S. Pondel of Rifkind Pondel & Parsons, 310-207-9300, for Rykoff-Sexton/
(RYK) CO: Rykoff-Sexton Inc.; Clark Foodservice Inc. ST: California IN: FOD SU: AL -- LA017 -- 1466 11/18/91 12:57 EST