Article: Lucille Farms announces receipt of non-binding offer to purchase company.

MONTVILLE, N.J.--(BUSINESS WIRE)--June 12, 1997--Lucille Farms Inc. (NASDAQ/LUCY) today announced that it received a non-binding offer by Suprema Specialties Inc. to purchase all of the shares of Lucille Farms at $2.50 per share in cash.

According to the proposal, it is "non-binding and is subject to the preparation and execution of a mutually satisfactory acquisition agreement, and satisfaction with the results of our due diligence investigation of Lucille Farms."

The Board of Directors of Lucille Farms intends to schedule a special meeting to consider the offer for later this month. The company has informed Suprema Specialties that, consistent ...

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