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DRAVO REPORTS ON ANNUAL SHAREHOLDERS' MEETING

 DRAVO REPORTS ON ANNUAL SHAREHOLDERS' MEETING
 PITTSBURGH, April 24 /PRNewswire/ -- The slate of directors


recommended by Dravo's (NYSE: DRV) board of directors -- J. Kenneth Looloian, William G. Roth and Carl A. Torbert Jr. -- were overwhelmingly elected to new three-year terms at Dravo's annual shareholders' meeting held Thursday afternoon in Pittsburgh.
 Also included in Dravo's 1991 proxy statement was a proposal from CRSS, Inc., which sought to direct Dravo's board to sell, merge or liquidate the company. A total of 8.8 million shares, representing 77.6 percent of the shares voted on the proposal, were voted against it. Voted for the proposal were 2.3 million shares, or 20.5 percent of the shares voted.
 In announcing Thursday's results, Dravo President and Chief Executive Officer Carl A. Torbert Jr. expressed management's appreciation for the support represented by the voting outcome. "As we move forward with the implementation of our long-range strategic plan, I wish to assure all of our shareholders that our basis for evaluating our success will be the same one we committed to at the outset of our restructuring in 1987: restoring the value of past investments in our company, and then creating additional value," Torbert said.
 -0- 4/24/92
 /CONTACT: Ron Sommer of Dravo Corporation, 412-566-5597/
 (DRV) CO: Dravo Corporation ST: Pennsylvania IN: SU:


DM-KA -- PG001 -- 2340 04/24/92 10:08 EDT
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Publication:PR Newswire
Date:Apr 24, 1992
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