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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE
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To: William Whitehead Jr. who wrote (888)12/4/1998 3:48:00 PM
From: Peter Ziebart  Read Replies (1) of 2453
 
Some news and further positioning. Came across on ISDN Newswire at 3:16.

Yogen Fruz World-Wide Incorporated (TSE: YF.A) Yogen Fruz has
raised its stake in Eskimo Pie Corp. to approximately 10.6% or
365,800 common shares, through the purchase today of 263,500
shares in the Richmond, Virginia-based company from New York
money manager Mario Gabelli at a price of $13.00 per share, the
same price Yogen Fruz proposed last week to the management and
the Board of Directors of Eskimo Pie. Yogen Fruz believes that it
has become the largest shareholder in Eskimo Pie Corp. Eskimo Pie
Corp. markets and manufactures a variety of frozen novelties,
frozen yogurt, ice cream and sorbet products.

Yogen Fruz remains interested in consummating a friendly
transaction with Eskimo Pie Corp. Yogen Fruz has emphasized that
it is willing to act expediently towards the conclusion of a
mutually acceptable transaction, which it believes is in the best
interests of Eskimo Pie Corp. Common shareholders. Yogen Fruz's
$13.00 per common share proposal made last week was not
conditional on due diligence, with the exception that all
material contracts currently in place would not be affected by a
change in control. Yogen Fruz believes that a longer-term process
initiated this week by the Board of Directors of Eskimo Pie Corp.
to "enhance shareholder value" could be disruptive to Eskimo Pie
Corp.'s business as well as its customers and employees. Yogen
Fruz is in discussions with other Eskimo Pie Corp. shareholders
and continues to consider its options.

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