Printer Friendly

FUQUA CLARIFIES POSSIBILITY OF SNAPPER SALE

 ATLANTA, Jan. 25 /PRNewswire/ -- Fuqua Industries, Inc. (NYSE: FQA) today announced that a story published in the Jan. 24 edition of the Atlanta Journal and Constitution concerning a possible sale by Fuqua of its Snapper lawn and garden equipment business contained false rumors and inaccuracies.
 Over a period of time Fuqua has discussed the possible sale of Snapper with a potential purchaser, but no understanding or agreement has been reached on the terms of any sale and there is no assurance that any such sale will ever occur. The information in the Atlanta Journal and Constitution concerning the likely purchase price for Snapper and the intended use of proceeds by Fuqua was not obtained from Fuqua and is not accurate. Fuqua does not intend to comment further on any potential transaction unless an agreement is reached.
 Fuqua Industries, Inc. provides high-quality, brand-name consumer products through distribution channels to retail markets across the United States. Fuqua operates in three distinct businesses: photofinishing, lawn and garden equipment, and sporting goods.
 -0- 1/25/93
 /CONTACT: Frederick B. Beilstein III, senior vice president, treasurer and CFO, or Bridget B. Sullivan, manager-Investor Relations of Fuqua Industries, 404-658-9000/
 (FQA)


CO: Fuqua Industries, Inc. ST: Georgia IN: SU: TNM

BR-BN -- AT007 -- 8331 01/25/93 09:49 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 25, 1993
Words:212
Previous Article:EQUIFAX REPORTS RECORD PROFITS AND REVENUES FOR 1992
Next Article:GULL LABORATORIES REPORTS RECORD YEAR-END SALES, EARNINGS FOR 1992
Topics:


Related Articles
KRAIG W. KRAMERS ELECTED PRESIDENT OF SNAPPER POWER EQUIPMENT DIVISION OF FUQUA INDUSTRIES, INC.
FUQUA INDUSTRIES, INC. REPORTS 1991 RESULTS
FUQUA INDUSTRIES FILES REGISTRATION STATEMENT FOR CONVERTIBLE SUBORDINATED DEBENTURE OFFERING
FUQUA INDUSTRIES REPORTS EARNINGS
FUQUA STOCKHOLDER FILES FOR CHAPTER 11 REORGANIZATION
FUQUA INDUSTRIES REPORTS FIRST QUARTER RESULTS
/C O R R E C T I O N II -- FUQUA INDUSTRIES/
FUQUA INDUSTRIES REPORTS 1992 RESULTS AND ANNOUNCES A CHANGE IN STRATEGIC DIRECTION
FUQUA INDUSTRIES ANNOUNCES NEW DEVELOPMENTS
CHANGE TO 'ACTAVA' MARKS A NEW DIRECTION IN LIFE-SPORTS AND RECREATIONAL PRODUCTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters