OTHER NEWS - Sept. 18, 1995

ConAgra to Make Bid for Canada Malting: The second-largest U.S. food company said it will make a $289-million takeover offer for Canada Malting Co. of Toronto, one of the world’s largest producers of malted barley. The $14.60 a share offer for Canada Malting stock is equivalent to the company’s closing price Friday on the Toronto and Montreal Stock Exchange. Canada Malting immediately rejected the offer, saying it does not represent fair value for the company. Under the terms of the offer, Labatt Brewing Co. and Molson Cos. have also agreed to sell their combined 39% stake in Canada Malting to Omaha-based ConAgra Inc. ConAgra said the takeover bid will go forward only if it can obtain at least 70% of Canada Malting.