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GOODY AND NEWELL BOARDS CONSIDERING MERGER

 KEARNY, N.J. and FREEPORT, Ill., Aug. 2 /PRNewswire/ -- Newell Co. (NYSE: NWL) and Goody Products, Inc. (NASDAQ: GOOD) announced that their boards of directors are meeting separately later today to consider a proposed definitive merger agreement providing for Newell's acquisition of Goody at a price of $24.75 per share in cash. On June 14, 1993 Goody and Newell announced an agreement in principle for a merger at the above indicated price.
 -0- 8/2/93
 /CONTACT: Kevin E. Walsh of Goody Products, Inc., 201-997-3000; William T. Alldredge of Newell Co., 815-233-8515; or Thomas M. Daly, Jr. or Michael Mandelbaum of Kekst & Company, 212-593-2655, for Goody/
 (GOOD NWL)


CO: Goody Products, Inc.; Newell Co. ST: New Jersey, Illinois IN: HOU SU: TNM

SM -- NY019 -- 8184 08/02/93 08:52 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
Words:132
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