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DANIELSON HOLDING CORP. NOT ACQUIRING ALUMINUM SMELTER

 NEW YORK, Dec. 18 /PRNewswire/ -- Danielson Holding Corporation (AMEX: DHC) announced today that it has terminated negotiations to acquire the outstanding stock of Columbia Falls Aluminum Company, an aluminum tolling operation. DHC previously had announced, on Nov. 25, 1992, that it had signed a letter of intent to make the acquisition, subject to the satisfaction of certain conditions, including execution of definitive agreements, availability of bank financing, approval of DHC's board of directors, and completion of due diligence.
 DHC's common stock is listed for trading on the American Stock Exchange symbol: DHC.
 -0- 12/18/92
 /CONTACT: C. Kirk Rhein, Jr., president and chief executive officer of Danielson Holding Corporation, 212-888-0347/
 (DHC)


CO: Danielson Holding Corporation; Columbia Falls Aluminum Co. ST: New York IN: MNG SU: TNM

PS-LR -- NY036 -- 8173 12/18/92 11:33 EST
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Publication:PR Newswire
Date:Dec 18, 1992
Words:136
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