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PATHE COMMUNICATIONS CORP. POSTPONES ANNUAL MEETING OF STOCKHOLDERS

PATHE COMMUNICATIONS CORP. POSTPONES ANNUAL MEETING OF STOCKHOLDERS
 CULVER CITY, Calif., May 8 /PRNewswire/ -- Pathe Communications Corp. ("Pathe") (NYSE: PCC) has postponed indefinitely its annual meeting of stockholders originally scheduled for May 29, 1992. The meeting has been postponed as a result of the foreclosure by a subsidiary of Credit Lyonnais S.A. of Pathe's principal asset, its 98.5 percent ownership of the common stock of MGM-Pathe Communications Co. ("MGM"), together with the commencement of a tender offer by CLBN for the publicly held unencumbered shares of Pathe common stock and the outstanding Pathe notes and debentures.
 Pathe is the holding company for MGM, which is involved in the worldwide production and distribution of motion picture and television programs and operates theater chains in Europe.
 -0- 5/8/92
 /CONTACT: Craig A. Parsons of Pondel Parsons & Wilkinson, 310-207-9300, for Pathe Communications/
 (PCC) CO: Pathe Communications Corp.; MGM-Pathe Communications Co. ST: California IN: ENT SU:


DM-CH -- LA026 -- 8225 05/08/92 16:05 EDT
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Publication:PR Newswire
Date:May 8, 1992
Words:164
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