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TECNOL ANNOUNCES MERGER NEGOTIATIONS WITH ANAGO NO LONGER BEING PURSUED; CONTINUES TO SEEK JUDICIAL CONFIRMATION OF OWNERSHIP

TECNOL ANNOUNCES MERGER NEGOTIATIONS WITH ANAGO NO LONGER BEING PURSUED;
 CONTINUES TO SEEK JUDICIAL CONFIRMATION OF OWNERSHIP
 FORT WORTH, Texas, June 8 /PRNewswire/ -- Tecnol Medical Products, Inc. (NASDAQ: TCNL), today announced that merger negotiations with Anago, Inc., were no longer being actively pursued. Tecnol previously announced that it owns 55 percent of Anago, subject to certain contingencies.
 Through court action, Anago has been resisting a merger with Tecnol. Tecnol expects to continue to seek judicial confirmation of its ownership and voting rights in Anago stock so that it can consummate a merger.
 Tecnol Medical Products, Inc., designs, manufactures, and markets disposable medical products which are sold in approximately 50 countries, primarily under the Tecnol brand name. Tecnol is the market share leader in the sales of face masks, ice packs and patient safety restraints to U.S. hospitals.
 -0- 6/8/92
 /CONTACT: Robert Borchert, 212-986-5900, or Virginia Cleveland, 214-701-8851, both of Morgen-Walke Associates, for Tecnol/
 (TCNL) CO: Tecnol Medical Products, Inc.; Anago, Inc. ST: Texas IN: HEA SU: TNM


GK -- NY026 -- 7844 06/08/92 11:00 EDT
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Publication:PR Newswire
Date:Jun 8, 1992
Words:179
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