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BHC COMMUNICATIONS ANNOUNCES THE EXTENSION OF TENDER OFFER FOR PINELANDS COMMON STOCK

 BHC COMMUNICATIONS ANNOUNCES THE EXTENSION OF TENDER OFFER
 FOR PINELANDS COMMON STOCK
 NEW YORK, Aug. 20 /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 August 21, 1992.
 BHC anticipates that it will extend the tender offer from day to day pending the public release of the Federal Communications Commission opinion and formal order approving BHC's acquisition of control of Pinelands, and the satisfaction of the other conditions to the offer.
 As of 5:00 p.m., New York City time, on August 20, 1992, 16,065,198 shares of Pinelands Common Stock had been tendered pursuant to the tender offer.
 -0- 8/20/90
 /CONTACT: William D. Siegel of BHC Communications, Inc., 212/421-0200, for BHC Communications and Chris-Craft Industries)
 (BHC CCN PL) CO: BHC Communications, Inc.; Chris-Craft Industries; BHC Acquisition
 Corp.; Pinelands, Inc. ST: New York IN: SU: TNM


TM -- NY087 -- 1953 08/20/92 18:42 EDT
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Publication:PR Newswire
Date:Aug 20, 1992
Words:228
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