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BRIEFLY

Pillsbury's Burger King offering was withdrawn.

May 29, 1987

The Minneapolis-based company said that because of adverse market conditions, it has withdrawn its proposed offering of limited partnership interests in a second master limited partnership of Burger King restaurant properties. On March 26, Pillsbury had announced the proposed sale of 108 to 120 restaurant properties, with an anticipated closing before May 31. The sale had been expected to generate an after-tax gain in the range of $20 million to $23 million.

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