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THREE LEADING AMEX SPECIALIST UNITS JOIN FORCES T0 OPEN OPTIONS TRADING 0N SNAPPLE, JUNE 21

 NEW YORK, June 18 /PRNewswire/ -- Three leading specialist units at the American Stock Exchange will join forces to open options trading on the over-the-counter stock of Snapple Beverage Corporation (NASDAQ: SNPL) ("SQP") on Monday, June 21. The joint book was formed to provide investors with the strongest markets possible for options trading.
 The three options units are AGS Specialist Partners; Cohen, Cohn, Duffy & McGowan, Inc.; and Weiskopf, Silver & Co. The four lead specialists are Andrew Schwarz of AGS; John T. McGowan and Kieran H. Duffy of Cohen, Cohn, Duffy & McGowan; and Jeffrey Pretat of Weiskopf, Silver. Originally, the options were assigned to Weiskopf, Silver & Co.
 "Because of the active trading in Snapple stock, we expect strong investor interest in the new options," said Joel Lovett, vice chairman of the Amex Board of Governors. "With the creation of the new `super group', the investing public will be provided with the best price and execution."
 SQP will open with strike prices of 40, 45 and 50 and position limits of 8,000 contracts. Initial expiration months will be July, August, September and December of 1993.
 -0- 6/18/93
 /CONTACT: Kathleen Fitzpatrick, manager - Derivative Securities Communications of the American Stock Exchange, 212-306-1697/
 (SNPL)


CO: Snapple Beverage Corporation ST: New York IN: FOD SU:

MP -- NY049 -- 3608 06/18/93 13:37 EDT
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Publication:PR Newswire
Date:Jun 18, 1993
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