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FIRST CITY INDUSTRIES SHAREHOLDERS AGREE NOT TO TENDER SHARES

 NEW YORK, Oct. 19 /PRNewswire/ -- The holders of 1,857,402.16 shares of the common stock of First City Industries, Inc. announced today that they have signed an agreement whereby each of them agrees that it will not tender its shares to Alpha Acquisition Corp. in its offer made pursuant to the Offer to Purchase dated Sept. 21, 1993, unless such offer is amended to pay a price of not less than $3.20 per share to any and all shares tendered for payment.
 -0- 10/19/93
 /CONTACT: Laurie Terry of MWW/Strategic Communications, Inc., 201-342-9500/


CO: First City Industries ST: New York IN: SU:

WB -- NY067 -- 4005 10/19/93 13:05 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
Words:116
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