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GREAT AMERICAN ANNOUNCES SALE OF ASSETS OF PULSAFEEDER

 GREAT AMERICAN ANNOUNCES SALE OF ASSETS OF PULSAFEEDER
 CHICAGO, April 7 /PRNewswire/ -- Great American Management and Investment, Inc. (NASDAQ: GAMI) announced today that its subsidiary, Eagle Industries, Inc. is expected to enter into a definitive agreement within the next several days with IDEX Corp. (NYSE: IEX) to sell the assets of Eagle's subsidiary, Pulsafeeder, Inc., for $66 million in cash and 75,000 shares of IDEX common stock and that the transaction, which is subject to certain conditions, will close within the next three to four weeks.
 Pulsafeeder, headquartered in Rochester, N.Y., is a manufacturer of speciality pumps, controls and systems for the process industries and a variety of other markets.
 IDEX Corp. is a manufacturer of a wide array of proprietary, highly engineered products.
 Great American is a holding company primarily comprised of Eagle Industries, Inc., a diversified manufacturing company with operations in utility and electrical products, building and industrial products, process industries products and consumer products. Great American also owns approximately 46 percent of the Vigoro Corp. (NYSE: VGR), an agricultural chemicals and fertilizer company.
 -0- 4/7/92
 /CONTACT: Susan Obuchowski, 312-466-4010, for Great American Management/
 (GAMI IEX) CO: Great American Management and Investment Inc.; Eagle Industries
 Inc.; IDEX Corp.; Pulsafeeder Inc. ST: Illinois IN: SU: TNM


TS -- NY013 -- 5688 04/07/92 08:50 EDT
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Publication:PR Newswire
Date:Apr 7, 1992
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