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Non-Tech : SFDS -- Ignore unavailable to you. Want to Upgrade?

To: Filippo Zucchi who wrote (4)	4/8/1999 5:46:00 PM
From: EyeDrMike	Read Replies (1) \| Respond to of 6

Offers of Animex shares exceed tender demand WARSAW, April 8 (Reuters) - Smithfield Foods <SFDS.O> received offers to sell shares in Polish food firm Animex <ANIMs.WA> exceeding the 11.5 million sought, ING Barings said on Thursday. Animex investors offered to sell a total of 57.8 percent, or 14,255,314 shares of Animex in a public bid made by Smithfields. The offers would be reduced by 19.3 percent, ING Barings, who managed the tender, said in a statement. After the transaction the U.S.-based food group will increase its stake in Animex to 66.58 percent. The public tender announced by Smithfield was to end on April 19 but was cut short when investors subscribed to sell more than the 11.5 million shares that Smithfield wanted to buy. Early in March Poland's Securities Commission cleared Smithfield to acquire more than 50 percent of votes in Animex. 13:33 04-08-99