| PILLSBURY <PSY> FILES FOR SECOND BURGER KING MLP | |
| The Pillsbury Co said it | |
| filed a registration statement with the Securities and Exchange | |
| Commission for the sale of limited partnership interests in a | |
| second master limited partnership of its Burger King unit's | |
| restaurant properties. | |
| Pillsbury said it expects the offering to yield 73-82 mln | |
| dlrs, resulting in an after-tax gain of 20-23 mln dlrs. | |
| A spokesman for Pillsbury said the company is aiming to get | |
| this after-tax gain in the fourth fiscal quarter ending in May. | |
| Pillsbury said the sale will occur as soon as practicable, | |
| considering the business and legal contigencies. | |
| The company said Burger King and another Pillsbury unit, | |
| QSV Properties, will be the master limited partnership's | |
| general partner. | |
| Pillsbury said it expects the interests to be sold to | |
| public investors and listed for trading on the New York Stock | |
| Exchange. | |
| Merrill Lynch will lead the underwriting, Pillsbury said. | |
| Pillsbury first sold limited partnership interests in | |
| Burger King Investors L.P. in February 1986. | |