Citation Announces Letter of Intent.BIRMINGHAM Birmingham, cities, United States Birmingham (bûr`mĭnghăm') 1 City (1990 pop. 265,968), seat of Jefferson co., N central Ala., in the Jones Valley near the southern end of the Appalachian system; founded and inc. , Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Aug. 31, 1998--Groupe Valfond, Paris, France, and Citation Citation (foaled 1945) U.S. Thoroughbred racehorse. In four seasons he won 32 of 45 races, finished second in ten, and third in two. He won the 1948 Triple Crown, and became the first horse to win $1 million. He set a world record in 1950 by running a mile in 1:33 3/5. Corporation (Nasdaq: CAST), as an outgrowth of their commercial cooperation agreement initiated early in 1998, have signed a letter of intent with a view to examining the potential acquisition of Valfond by Citation. Group Valfond is a French-based producer of cast and machined components with multiple locations in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). . Citation is a U.S.-based
casting and forging manufacturer with 19 manufacturing divisions
primarily in the southern and mid-western states. Both companies have a
global customer base, some of which are common to Valfond and Citation.These discussions are preliminary in nature and there is no assurance that they will lead to a final agreement.
CONTACT: Citation Corp., Birmingham
Stanley B. Atkins, 205/871-5731
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