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KEY TRONIC: FTC HAS NO OBJECTION TO PROPOSED ACQUISITION OF HONEYWELL'S KEYBOARD DIVISION

 SPOKANE, Wash., July 6 /PRNewswire/ -- Key Tronic Corp. (NASDAQ: KTCC), the Spokane-based manufacturer of computer keyboards, today announced that the Federal Trade Commission (FTC) has granted its request for early termination of the waiting period, under the Clayton Act and the premerger notification rules of the Hart-Scott-Rodino Antitrust Improvement Act, for the company's proposed acquisition of Honeywell Corp.'s (NYSE: HON) keyboard division.
 This termination of the waiting period means that the Federal Trade Commission has no objection to the acquisition and that the company has met all of its obligations under the Hart-Scott-Rodino premerger notification requirements.
 The company hopes to have the final details resolved by the end of July.
 Key Tronic Corp. is a publicly held corporation traded over the counter under the NASDAQ symbol KTCC.
 -0- 7/6/93
 /CONTACT: David L. Powers of Key Tronic Corp., 509-928-8000/
 (KTCC)


CO: Key Tronic Corp.; Honeywell Corp. ST: Washington IN: CPR SU: TNM

SB-AL -- SE001 -- 8594 07/06/93 11:52 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
Words:163
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