ORION PICTURES CORPORATION RECEIVES PROPOSAL FROM MGM-PATHE COMMUNICATIONS CO.
ORION PICTURES CORPORATION RECEIVES PROPOSAL FROM MGM-PATHE COMMUNICATIONS CO. NEW YORK, May 12 /PRNewswire/ -- Orion Pictures Corporation (NYSE: OPC) announced today that it has received a proposal from MGM-Pathe Communications Co. to acquire Orion. The proposal is currently under review by Orion's advisors and board of directors, and Orion will discuss the proposal with the company's various creditors. -0- 5/12/92 /CONTACT: Paul Wagner of Orion Pictures Corp., 212-632-5745; or Amy Goldberg of Sitrick & Co., 310-788-2850, for Orion Pictures Corp./ (OPC) CO: Orion Pictures Corporation; MGM-Pathe Communications Co. ST: California IN: ENT SU:
EH-JL -- LA031 -- 9408 05/12/92 18:38 EDT
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|Date:||May 12, 1992|
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