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DANIELSON HOLDING: NO STOCK SALE BY CHAIRMAN

 NEW YORK, June 10 /PRNewswire/ -- Danielson Holding Corporation (AMEX: DHC) today reported that its chairman has not sold any of his common stock in the company. Danielson issued its announcement after Bloomberg News Service items appeared yesterday and today which incorrectly reported that a substantial sale of stock had been made by the company's Chairman of the Board, Martin J. Whitman.
 The company stated that Mr. Whitman did not control the investment decision of the firm which sold the stock, and that Mr. Whitman was not involved in any way with the sale. Danielson confirmed that the correct number of shares which were actually sold by that firm during the month of May was 116,000 shares (not 232,000 shares as originally reported).
 Pursuant to provisions of the federal securities laws, Mr. Whitman is obligated to reflect purchases and sales in Danielson's stock by that firm on certain filings he is required to make relating to transactions in the company's stock, although Mr. Whitman disclaims beneficial ownership of the Danielson stock owned by that firm.
 Danielson is an American Stock Exchange listed company, engaging in financial services businesses.
 -0- 6/10/93
 /CONTACT: Lisa D. Levey, general counsel & secretary of Danielson Holding Corporation, 212-888-0347/
 (DHC)


CO: Danielson Holding Corporation ST: New York IN: FIN SU:

WB-MG -- NY050 -- 0643 06/10/93 12:38 EST
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Publication:PR Newswire
Date:Jun 10, 1993
Words:225
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