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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
Curtice Burns Foods, Inc.
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(Name of Issuer)
Class A Common and Class B Common
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(Title of Class of Securities)
231382102
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(CUSIP Number)
Check the following box if a fee is being paid with this
statement ____. (A fee is not required only if the filing
person: (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13-7.)
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| CUSIP No. 231382102 | | Page 2 of 5 Pages |
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<TABLE>
<S> <S>
1 NAME OF REPORTING PERSONS: AGWAY INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS: 15-0277720
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: Not Applicable
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware Corporation
Number of 5 SOLE VOTING POWER: -0-
Shares
Beneficially
Owned By Each 6 SHARED VOTING POWER: -0-
Reporting
Person With 7 SOLE DISPOSITIVE POWER: -0-
8 SHARED DISPOSITIVE POWER: -0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
-0-
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES: Not Applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): -0-
12 TYPE OF REPORTING PERSON: CO
</TABLE>
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| CUSIP No. 231382102 | | Page 3 of 5 Pages |
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Item 1(a). Name of Issuer:
Curtice Burns Foods, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
90 Linden Place, P. O. Box 681, Rochester, NY 14605-0681
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Item 2(a). Name of Person Filing:
Agway Inc.
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Item 2(b). Address of Principal Business Office or, if None, Residence:
333 Butternut Drive, DeWitt, NY 13214
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Item 2(c). Citizenship:
Delaware Corporation
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Item 2(d). Title of Class of Securities:
Class A Common and Class B Common
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Item 2(c). CUSIP Number:
231382102
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d- 2(b), check whether the person filing is a:
Not Applicable.
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| CUSIP No. 231382102 | | Page 4 of 5 Pages |
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Item 4. Ownership
(a) Amount beneficially owner:
-0-______________________________________________________
(b) Percent of class:
-0-______________________________________________________
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote -0- ___
(ii) Shared power to vote or to direct the vote -0- __
(iii) Sole power to dispose or to direct the disposition
of -0-______________________________________________
(iv) Shared power to dispose or to direct the disposition
of -0-______________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities,
check the following [xxx]
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
As previously reported, on September 27, 1994, Agway
Holdings, Inc., a Delaware corporation ("AHI") and a subsidiary
of Agway, Inc., entered into an agreement with PF Acquisition
Corp., a New York corporation (the "Purchaser") and a wholly
owned subsidiary of Pro-Fac Cooperative, Inc., a New York
cooperative corporation ("Pro-Fac"), pursuant to which AHI
agreed, subject to certain conditions, to tender pursuant to the
tender offer (the "Tender Offer") by Purchaser for all shares of
Class A Common Stock and Class B Common Stock, par value
$.99 per share (collectively, the "Shares"), of Curtice-Burns
Foods, Inc. (the "Company"), all such Shares owned by AHI
within five business days after the commencement of the Tender
Offer. Prior to tendering, AHI held 899,447 Shares and
2,036,643 Shares of Class A Common Stock and Class B
Common Stock, respectively (the "AHI Shares"). On October
4, 1994, Purchaser commenced its tender offer and AHI
thereafter tendered the AHI Shares. The Tender Offer was
conditioned upon the receipt by the Purchaser of at least 44% of
the Shares of Class A Common Stock then outstanding (not
including any Shares of Class A Common Stock held by AHI).
The minimum number of Shares were tendered pursuant to the
Tender Offer, and on November 3, 1994, Pro-Fac consummated
its acquisition of the Company. As a result, neither Agway nor
any of its subsidiaries holds any of the Company's shares.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
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| CUSIP No. 231382102 | | Page 5 of 5 Pages |
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Item 10. Certification.
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
November 17, 1994
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(Date)
/s/ Peter J. O'Neill
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(Signature)
Peter J. O'Neill, Senior Vice President
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(Name/Title)