SonomaWest Holdings Announces Results of Tender Offer

Apr 11, 2001, 01:00 ET from SonomaWest Holdings, Inc.

    SEBASTOPOL, Calif., April 11 /PRNewswire/ --
 SonomaWest Holdings, Inc. (Nasdaq:   SWHI) (formerly Vacu-dry Company) today
 announced the results of the successful completion of its cash tender offer to
 purchase up to 500,000 shares of its common stock at a price of $8.00 per
 share.  The cash tender offer, which was oversubscribed, expired at 5:00 p.m.
 Pacific Daylight time, on Wednesday, April 4, 2001.
     SonomaWest Holdings, Inc. (the "Company") announced, that approximately
 776,611 shares of the Company's common stock (approximately 51% of the
 outstanding shares of common stock) were properly tendered and not properly
 withdrawn, including approximately 4,100 shares subject to guarantees of
 delivery.  The Company will accept the properly tendered shares on a pro rata
 basis.  The proration factor for the tender offer is approximately
 64.07% after accounting for the approximately 6,768 odd lot shares subject to
 repurchase in full in accordance with the terms of the offer.  The total
 purchase price for the 500,000 shares being purchased pursuant to the offer is
 $4,000,000.  Payment for shares accepted for payment, and return of all other
 shares tendered, will occur on April 11, 2001.
     This announcement is not an offer to purchase, a solicitation of an offer
 to purchase or a solicitation of consent with respect to any securities.  The
 tender offer is being made solely by the Offer to Purchase dated
 January 8, 2001, as amended.
 
 

SOURCE SonomaWest Holdings, Inc.
    SEBASTOPOL, Calif., April 11 /PRNewswire/ --
 SonomaWest Holdings, Inc. (Nasdaq:   SWHI) (formerly Vacu-dry Company) today
 announced the results of the successful completion of its cash tender offer to
 purchase up to 500,000 shares of its common stock at a price of $8.00 per
 share.  The cash tender offer, which was oversubscribed, expired at 5:00 p.m.
 Pacific Daylight time, on Wednesday, April 4, 2001.
     SonomaWest Holdings, Inc. (the "Company") announced, that approximately
 776,611 shares of the Company's common stock (approximately 51% of the
 outstanding shares of common stock) were properly tendered and not properly
 withdrawn, including approximately 4,100 shares subject to guarantees of
 delivery.  The Company will accept the properly tendered shares on a pro rata
 basis.  The proration factor for the tender offer is approximately
 64.07% after accounting for the approximately 6,768 odd lot shares subject to
 repurchase in full in accordance with the terms of the offer.  The total
 purchase price for the 500,000 shares being purchased pursuant to the offer is
 $4,000,000.  Payment for shares accepted for payment, and return of all other
 shares tendered, will occur on April 11, 2001.
     This announcement is not an offer to purchase, a solicitation of an offer
 to purchase or a solicitation of consent with respect to any securities.  The
 tender offer is being made solely by the Offer to Purchase dated
 January 8, 2001, as amended.
 
 SOURCE  SonomaWest Holdings, Inc.