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BHC COMMUNICATIONS AND MAJORITY SHAREHOLDER, CHRIS-CRAFT INDUSTRIES, EXTEND EXPIRATION DATE OF TENDER OFFER BY WHOLLY OWNED SUBSIDIARY

BHC COMMUNICATIONS AND MAJORITY SHAREHOLDER, CHRIS-CRAFT INDUSTRIES,

EXTEND EXPIRATION DATE OF TENDER OFFER BY WHOLLY OWNED SUBSIDIARY
 NEW YORK, N.Y., July 27 /PRNewswire/ -- BHC Communications, Inc. (AMEX: BHC) and its majority shareholder, Chris-Craft Industries, Inc. (NYSE: CCN), announced today the extension of the expiration date of the tender offer by BHC's wholly owned subsidiary, BHC Acquisition Corp., for all of the outstanding shares of common stock of Pinelands, Inc. (NYSE: PL) at a price of $18 per share plus additional consideration equal to 6 percent per annum from (but excluding) July 12, 1992. The tender offer, as extended, will expire at 5:00 p.m., New York City time, on July 28, 1992.
 BHC anticipates that it will extend the tender offer from time to time pending satisfaction of the conditions to the offer, including receipt of Federal Communications Commission approval.
 As of 5:00 p.m., New York City time, on July 27, 1992, 15,708,894 shares of Pinelands Common Stock had been tendered pursuant to the tender offer.
 -0- 7/27/92
 /CONTACT: William D. Siegel, 212-421-0200, for BHC Communications and Chris-Craft Industries/
 (BHC CCN PL) CO: BHC Communications, Inc.; BHC Acquisition Corp.; Pinelands, Inc. ST: New York, New Jersey IN: ENT SU: OFR


SM -- NY116 -- 3736 07/27/92 18:15 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
Words:217
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