CENTRAL PARKING CORPORATION'S ACQUISITION OF KINNEY SYSTEM CLEARS HART-SCOTT-RODINO ACT.

NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 8, 1997--Central Parking Corporation (NYSE NYSE

See: New York Stock Exchange :PK) today announced that the waiting period under the Hart-Scott-Rodino Act Hart-Scott-Rodino Act

Often used in risk arbitrage. Antitrust act administered by U.S. Department of Justice and the FTC that requires an investor to file a form with the government before he acquires an economic interest in the lesser amount of $15 million or 15% of the has terminated pursuant to the Company's proposed acquisition of Kinney System Holding Corporation. Central Parking Corporation said that no objections to the transaction were raised by the Department of Justice and that the closing of the acquisition is still planned for the first calendar quarter of 1998.

Central Parking Corporation, headquartered in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation).
Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. , is a leading provider of parking services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Presently, the Company operates more than 1,800 parking facilities containing over 736,000 spaces at locations in 34 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Canada, Puerto Rico, the United Kingdom, Mexico, Germany, Malaysia, Chile and Spain. The Company has a business development office in Amsterdam.

CONTACT: Central Parking Corporation, Nashville

Stephen Tisdell, 615/297-4255, X265

stisdell@parking.com

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Publication:	Business Wire
Date:	Dec 8, 1997
Words:	144
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