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UNR INDUSTRIES RETAINS FINANCIAL ADVISER

 CHICAGO, Aug. 4 /PRNewswire/ -- UNR Industries, Inc. (NASDAQ-NMS: UNRI; Chicago) announced today that a special committee of its Board of Directors has retained J.P. Morgan Securities Inc. as financial adviser. The special committee was appointed on June 22, 1993 in response to a request received from the UNR Asbestos-Disease Claims Trust, the Company's principal shareholder, that the Company consider retaining a financial adviser to solicit third party proposals for an acquisition of UNR through a merger or other business combination in which UNR shareholders would receive cash for their shares.
 UNR Industries, Inc. is a diversified company producing welded steel tubing, shopping carts, stainless steel sinks, towers and shelters for communication and other uses and material handling products and systems.
 -0- 8/4/93
 /CONTACT: Thomas A. Gildehaus, President & CEO, UNR Industries, Inc., 312-341-1234/
 (UNRI)


CO: UNR Industries, Inc. ST: Illinois IN: SU:

JG -- DE017 -- 9360 08/04/93 12:10 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
Words:153
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