CONFIDENT FOOD LION UNVEILS PLAN FOR STOCK REPURCHASE PROGRAM

SALISBURY, N.C. -- Food Lion here plans to buy back from shareholders $100 million worth of stock equal to about 4% of its 484 million outstanding shares -- a strong indicator of the company's confidence in its future growth.formance in 1994 puts it "among the top companies in the industry." Yet its stock is undervalued, he added, which makes the repurchase program "a good investment in Food Lion's

SALISBURY, N.C. -- Food Lion here plans to buy back from shareholders $100 million worth of stock equal to about 4% of its 484 million outstanding shares -- a strong indicator of the company's confidence in its future growth.

formance in 1994 puts it "among the top companies in the industry." Yet its stock is undervalued, he added, which makes the repurchase program "a good investment in Food Lion's future" both for management and shareholders.

Smith would disclose neither the

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