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BRENNAN PURCHASES 6.8 PERCENT INTEREST IN BALLY MANUFACTURING

 BRENNAN PURCHASES 6.8 PERCENT INTEREST IN BALLY MANUFACTURING
 NEW YORK, March 10 /PRNewswire/ -- It was announced today that Robert E. Brennan has purchased a 6.8 percent interest in Bally Manufacturing Corporation (NYSE: BLY), an operator of casinos in Atlantic City, N.J., and Las Vegas, Nev., and health clubs throughout the United States.
 The purchase makes Brennan the largest shareholder of Bally. Details of the purchase have been filed with the Securities and Exchange Commission. In that filing with the SEC, it was disclosed that Brennan had purchased 2.45 million shares of Bally common stock including 638,500 shares purchased between Feb. 28 and March 6 for a range of $6.50 to $7.25 per share. The total value of the purchase is approximately $16.5 million.
 "My intention is to bring my various levels of expertise to the company with the objective of enhancing all of my fellow shareholders' investments," Brennan said.
 Brennan, a New Jersey resident, has a wide variety of business and charitable interests around the country.
 -0- 3/10/92
 /CONTACT: Dennis Sheehan of Sheehan Communications, 212-233-2223, for Robert E. Brennan/
 (BLY) CO: Robert E. Brennan; Bally Manufacturing Corporation ST: Illinois, New Jersey, Nevada IN: CNO SU: TNM


CK-AH -- NY071 -- 7112 03/10/92 18:04 EST
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Publication:PR Newswire
Date:Mar 10, 1992
Words:215
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