SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
August 29, 1996
CULBRO CORPORATION
(Exact name of registrant as specified in charter)
Filing Fee #026093
New_York 1-1210 13-0762310
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
387_Park_Avenue_South,_New_York,_New_York 10016-8899
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212)_448-3800
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Item_5.__Other_Events.
The Registrant announced on August 27, 1996 that it and its General
Cigar Co., Inc. subsidiary were holding preliminary discussions with
privately held Villazon & Company, Inc. which could lead to the acquisition of
that company by the Registrant. See the Press Release filed herewith as
Exhibit Item 7(c)(1).
Item_7.__Financial_Statements_and_Exhibits.
(a)(1) N/A
(b) N/A
(c) Exhibits:
(1) Culbro Corporation Press Release, dated August 27,
1996.
<PAGE>
Exhibit 7(c)(1)
A. Ross Wollen
(212) 448-3820
Culbro in Discussions to Acquire Villazon & Company, Inc.
NEW YORK, NEW YORK (August 27, 1996) - Culbro Corporation
(NYSE: CBO) and its General Cigar unit announced today that they were holding
preliminary discussions with privately held Villazon & Company, Inc. which
could lead to the acquisition of Villazon by Culbro. It is anticipated the
transaction would be completed by 1996 year end.
Villazon manufactures and sells the popular Hoyo de Monterey and
Punch brands of premium cigars. It has manufacturing facilities in Florida
and Honduras and is headquartered in Tampa, Florida.
The acquisition is subject to the execution of a definitive purchase
agreement and other customary conditions and approvals.
Culbro is a diversified corporation with interest in cigars, labeling
systems and packaging machinery, real estate and landscape nursery stock.
The Corporation also holds equity interest in businesses engaged in wholesale
distribution of tobacco, groceries and sundry consumer products, and
publishing in the United Kingdom.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CULBRO CORPORATION
By:/s/ A. ROSS WOLLEN
A. Ross Wollen
Senior Vice President
Secretary and General Counsel
Dated: August 29, 1996
