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GOODY SETS SPECIAL STOCKHOLDERS MEETING ON NEWELL MERGER

 KEARNY, N.J., Oct. 8 /PRNewswire/ -- Goody Products, Inc. (NASDAQ-NMS: GOOD) today announced that it would hold a special meeting of stockholders on Nov. 9, 1993 to vote on its merger with Newell Co. (NYSE: NWL).
 Stockholders of record of Goody Products as of the close of business on Oct. 18, 1993 will be entitled to notice of, and to vote at, the special meeting.
 At the special meeting, stockholders of Goody Products, Inc. will be asked to vote to approve and adopt the agreement and plan of merger between Goody Products, Newell Co. and GPI Acquisition Co., a wholly- owned subsidiary of Newell. If the merger agreement is approved, GPI will be merged with and into Goody Products and each outstanding share of Goody Products common stock will be converted into the right to receive $24.75 in cash.
 Goody Products, Inc. is engaged in the design, manufacture and marketing of a wide variety of hair accessories and owns and operates three additional consumer products subsidiaries and divisions: Opti- Ray, a designer and marketer of high quality fashion sunglasses and reading glasses; Ace Comb, a manufacturer of premium quality hard rubber combs; and Pretty Neat Products, a producer of cosmetic organizers and travel accessories.
 -0- 10/8/93
 /CONTACT: Kevin E. Walsh of Goody Products, 201-997-3000, or Thomas M. Daly, Jr. or Josh Pekarsky of Kekst and Company, 212-593-2655/
 (GOOD NWL)


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

MP -- NY035 -- 0172 10/08/93 13:02 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
Words:254
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