FISHER SHAREHOLDER INDECISIVE OVER STOCK BUY
Fisher Foods Inc <FHR> said
<5300 Richmond Road Corp>, its largest shareholder, has not yet
reached a definitive decision about whether it will buy more
Fisher stock through a possible merger, tender offer or another
acquisition proposal.
    5300 is a Delaware corporation formed by <American Seaways
Foods Inc>, <Rini Holding Co> and <Rego Companies> which owns
1.5 mln shares of Fisher, or about 44 pct of its outstanding
common stock.
    Fisher said 5300 had announced on April 20 that they would
make a decision on June 1 about the move.
    Fisher said 5300 also told it they will continue to explore
possible advantages and disadvantages of various acquisition
proposals.
    5300 also said it is continuing to discuss with various
financial groups about possible financing for such a move, but
gave no indication of when any financing or proposal would be
finalized, Fisher said.
 Reuter
