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TLC BEATRICE INTERNATIONAL ANNOUNCES COMMON STOCK REPURCHASE AND INITIAL COMMON STOCK DIVIDEND

 TLC BEATRICE INTERNATIONAL ANNOUNCES COMMON STOCK REPURCHASE
 AND INITIAL COMMON STOCK DIVIDEND
 NEW YORK, June 29 /PRNewswire/ -- TLC Beatrice International Holdings, Inc., today announced the repurchase of 523,200 shares of its common stock, previously held by former employees, for an aggregate amount of $20.4 million, or $39 per share. After giving effect to the repurchase, the company has 9,195,000 common shares outstanding.
 Separately, the company's board of directors declared a dividend of 15 cents per share payable July 10, 1992, to holders of record on June 30, 1992. This is the first dividend paid on the common stock since its issuance in December of 1987.
 TLC Beatrice International Holdings, Inc., is an international food company whose operations include the manufacture and marketing of ice cream and desserts, snacks, beverages and other grocery products throughout Western Europe and wholesale and retail food distribution in France.
 TLC Group, the investment vehicle of Reginald F. Lewis, acquired Beatrice International in December 1987 for $985 million. Lewis is chairman, CEO and principal shareholder of TLC Beatrice International.
 -0- 6/29/92
 /CONTACT: Mark J. Thorne, vice president-finance, and chief financial officer, 212-756-8940, or R.S. Meily, 212-756-8930, both of TLC Beatrice/ CO: TLC Beatrice International Holdings Inc. ST: New York IN: FOD SU:


PS-TQ -- NY066 -- 4830 06/29/92 15:27 EDT
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Publication:PR Newswire
Date:Jun 29, 1992
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