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KETEMA ANNOUNCES NEGOTIATIONS TO ACQUIRE VIKING METALLURGICAL HAVE CEASED

KETEMA ANNOUNCES NEGOTIATIONS TO ACQUIRE VIKING METALLURGICAL HAVE CEASED
 DENVER, Sept. 30 /PRNewswire/ -- Ketema Inc. (AMEX: KTM) announced that it has ceased negotiations to acquire all of the outstanding shares of capital stock of Viking Metallurgical Corp. ("Viking"), a wholly owned subsidiary of Quanex Corp. (NYSE: NX). Negotiations were discontinued because the two parties could not agree on terms for the purchase of Viking.
 Ketema, with headquarters in Denver, is a diversified industrial manufacturer of advanced materials, components, and equipment and provider of design services for the aerospace, process, computer and construction industries.
 -0- 09/30/92
 CONTACT: Claire R. DeLabar of Ketema, 303-329-7188
 (KTM NX) CO: KETEMA INC.; QUANEX CORP.; VIKING METALLURGICAL CORP. IN: ARO CPR ST: CO -- DV005 -- X355 09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
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