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BELDING HEMINWAY COMPANY, INC.'S EXPLORATION OF MERGER OR SALE TO MAXIMIZE SHAREHOLDER VALUE

 BELDING HEMINWAY COMPANY, INC.'S EXPLORATION OF
 MERGER OR SALE TO MAXIMIZE SHAREHOLDER VALUE
 NEW YORK, June 30 /PRNewswire/ -- The board of directors meeting of the Belding Heminway Company, Inc. (NYSE: BHY) today announced that the directors were advised that several preliminary expressions of interest for the acquisition of the company have been received by Bear, Stearns & Co. Inc., the company's financial advisor, and that the company is proceeding to provide further information to interested parties. This process will continue, after which any formal proposals will be presented to the company's board. Naturally, there can be no assurance that this exploration will result in proposals acceptable to the company or that any transaction will be consummated.
 -0- 6/30/92
 /CONTACT: Ronald V. Kaplan of Belding Heminway Company, 212-556-4700/
 (BHY) CO: Belding Heminway Company, Inc. ST: New York IN: TEX SU:


PS-AH -- NY088 -- 5356 06/30/92 17:11 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
Words:150
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