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HANSON REGISTRATION STATEMENT DECLARED EFFECTIVE; SPECIAL QUANTUM STOCKHOLDERS MEETING SET FOR SEPT. 30, 1993

 NEW YORK, Aug. 30 /PRNewswire/ -- Hanson Industries, the U.S. arm of Hanson PLC (NYSE: HAN), and Quantum Chemical Corporation (NYSE: CUE) announced today that the registration statement for the Hanson American depositary shares to be issued in the proposed merger has been declared effective and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has been terminated.
 Quantum has convened a special meeting of stockholders to consider the merger at 9:30 a.m. on Sept. 30, 1993 at 114 West 47th Street, 1st floor, New York, N.Y. Proxy materials will be mailed to Quantum stockholders on or about Sept. 1, 1993. The merger requires approval of the holders of two-thirds of the outstanding Quantum shares. If approved, Hanson and Quantum expect that the merger will be consummated promptly following the special meeting.
 Hanson PLC is a British-American industrial management corporation. In the U.S., Hanson Industries' operations include Peabody Holding Company, SCM Chemicals, Cavenham Forest Industries, Beazer, Grove Crane, Jacuzzi Whirlpool Baths, Tommy Armour Golf, Ames Tools, Farberware cookware and Hanson Lighting Group, among others. In the United Kingdom, Hanson's holdings include Imperial Tobacco, ARC Aggregates, Beazer Homes, London Brick, Butterley Brick and Smith Meters.
 Quantum Chemical Corporation is the largest U.S. manufacturer of polyethylene, a leading manufacturer of industrial chemicals and the second largest U.S. retail distributor of propane gas.
 -0- 8/30/93
 /CONTACT: Mickey Foster, vice president-investor relations of Hanson Industries, 908-603-6977, or Joseph F. Pilaro, vice president- investor relations of Quantum Chemical, 212-551-0552/
 (HAN CUE)


CO: Hanson Industries; Hanson PLC; Quantum Chemical Corporation ST: New York IN: CHM SU:

TS -- NY083 -- 7225 08/30/93 16:50 EDT
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Publication:PR Newswire
Date:Aug 30, 1993
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