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CORNING INCORPORATED WELCOMES ACTION BY DAMON BOARD

 CORNING, N.Y., June 30 /PRNewswire/ -- Corning Incorporated (NYSE: GLW) said today that it welcomes the decision by the board of Damon Corporation (NYSE: DCL) that Corning's all cash offer of $23 per share is superior to the previously announced National Health Laboratories offer of $16 a share. Corning said it looks forward to promptly signing its definitive agreement providing for the acquisition of Damon by Corning through its wholly owned subsidiary Corning Lab Services Inc.
 E. Martin Gibson, chairman and chief executive officer of Corning Lab Services, said, "We are pleased by the action of Damon's board with respect to our very fair offer for the company. We remain optimistic that the acquisition of Damon can be concluded quickly."
 -0- 6/30/93
 /CONTACT: Stephen L. Albertalli, investor relations, 607-974-8357, or Kathryn C. Littleton, 607-974-8206, both of Corning Corporation/
 (GLW, DCL)


CO: Corning Incorporated, Damon Corporation ST: New York IN: MTC SU:

LD -- NY094 -- 7435 06/30/93 18:55 EDT
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Publication:PR Newswire
Date:Jun 30, 1993
Words:162
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