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CLASSIC MEDICAL GROUP SIGNS LETTER OF INTENT

 MUSKEGO, Wis., Aug. 25 /PRNewswire/ -- Classic Medical Group, Inc. announces today that it has signed a letter of intent with Tyco Laboratories, Inc. whereby Tyco, through its Ludlow Technical Products division, would acquire all of the outstanding capital stock of Classic Medical Group, Inc. for $2,600,000 in cash. This transaction is subject to, among other things, the usual and customary due diligence by Tyco and the approval of a final agreement by Tyco's and Classic's board of directors and the stockholders of Classic Medical Group, Inc. It is expected that the transaction would be completed within 60 days.
 -0- 8/25/93
 /CONTACT: Robert A. Macur, president, of Classic Medical Products, Inc., 414-679-3100/
 (TYC)


CO: Classic Medical Group, Inc.; Tyco Laboratories, Inc. ST: Wisconsin IN: HEA SU: TNM

MP -- NY060 -- 5830 08/25/93 15:50 EDT
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Publication:PR Newswire
Date:Aug 25, 1993
Words:139
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