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UNR INDUSTRIES ANNOUNCES BOARD RECOMMENDATION AGAINST 'GOING PRIVATE'; DECLARES DIVIDENDS

UNR INDUSTRIES ANNOUNCES BOARD RECOMMENDATION AGAINST 'GOING PRIVATE';
 DECLARES DIVIDENDS
 CHICAGO, Nov. 7 /PRNewswire/ -- UNR Industries, Inc. (NASDAQ-NMS, MSE: UNRI) announced today that the board of directors, based upon the recommendation of the Special Committee appointed earlier this year to evaluate various corporate strategies and options, has no present intention of pursuing a "going private" transaction. In making its recommendation against such a transaction, the Special Committee was assisted by J.P. Morgan and Company.
 The company further announced the declaration of a regular dividend of $.20 and an extraordinary dividend of $1 on each issued and outstanding share of the company's common stock. The dividends will be paid in cash on Jan. 15, 1992, to stockholders of record as of the close of business on Dec. 31, 1991.
 -0- 11/7/91
 /CONTACT: Gene Locks, chairman, or William F. Andrews, president and CEO, UNR Industries, 312-341-1234/
 (UNRI) CO: UNR Industries, Inc. ST: Illinois IN: DIV SU: SB -- DE024 -- 2343 11/07/91 15:56 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 7, 1991
Words:166
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