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HADSON SUCCESSFULLY COMPLETES VOTE ON PRE-PACKAGED BANKRUPTCY

 HADSON SUCCESSFULLY COMPLETES VOTE ON PRE-PACKAGED BANKRUPTCY
 OKLAHOMA CITY, Oct. 14 /PRNewswire/ -- Hadson Corporation (NYSE: HAD) announced today that it has successfully completed the solicitation of votes to accept or reject its pre-packaged bankruptcy plan.
 Votes were received from holders representing 68.9 percent of the outstanding principal amount of Hadson's 7-3/4 percent convertible subordinated debentures. Of those voting, 80.6 percent in principal amount and 74.4 percent in number of holders voted to accept the plan. Common stockholders representing 57.3 percent of the outstanding shares of Hadson's common stock cast votes, of which 96.3 percent of such shares voted to accept the plan.
 In addition, the Prudential Insurance Company of America and certain of its affiliates, which together hold all of Hadson's senior secured indebtedness, voted to accept the plan.
 Hadson expects to file its voluntary bankruptcy petition within the next few days.
 Hadson Corporation is an independent producer and supplier of energy products and services. Hadson has continuing operations in natural gas and gas liquids through its subsidiary, Hadson Energy Products and Services, Inc. (HEPSI). HEPSI is not a party to Hadson Corporation's debt agreements and will not be a party to Hadson's bankruptcy proceedings.
 -0- 10/14/92
 /CONTACT: J. Michael Adcock, president and chief executive officer of Hadson Corporation, 405-235-9531/
 (HAD) CO: Hadson Corporation ST: Oklahoma IN: OIL SU:


TS -- NY020 -- 9732 10/14/92 09:35 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
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