ACQUISITIONS AND MERGERS Message Board

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Non-Tech : ACQUISITIONS AND MERGERS

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To: Larry Davis who wrote (1)	7/25/1996 10:04:00 PM
From: Larry Davis	of 18

KRANTOR CORP. GETS FINANCING PORPOSAL FOR ACQUISITION DEER PARK, N.Y.- Krantor Corp. (KRAN) received a definitive proposal for the senior portion of the financing required for the acquistion of a $250 million undisclosed regional food distributor. The company said among other terms and conditions, the proposal will increase its senior credit facilities to $16 million at better rates than its current $8 million credit facility. Krantor said under the terms of an asset purchase agreement, the acquisition must be closed by Aug. 10. Krantor is a speciality frozen food, grocery and health and beauty aid distributor. ( NOTE: From the Dow Jones Business News - July 24,1996)

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