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HEILIG-MEYERS IN DISCUSSIONS CONCERNING ACQUISITION OF MCMAHAN'S FURNITURE

 RICHMOND, Va., Sept. 28 /PRNewswire/ -- Heilig-Meyers Company (NYSE: HMY), the Richmond-based home furnishings retailer, today confirmed that it is in discussions concerning the acquisition of McMahan's Furniture Company of Carlsbad, Calif. McMahan's operates 92 furniture stores in California, Arizona, New Mexico, Texas, Nevada and Colorado. McMahan's is a privately held company with sales of approximately $100 million in its last fiscal year.
 Heilig-Meyers indicated that no letter of intent or definitive agreement has been executed and, accordingly, there is no assurance that the transaction will be consummated.
 As of Aug. 31, 1993, Heilig-Meyers operated 466 stores in 16 states.
 -0- 9/28/93
 /CONTACT: Roy Goodman of Heilig-Meyers, 804-359-9171/
 (HMY)


CO: Heilig-Meyers Company; McMahan's Furniture Company ST: Virginia, California IN: REA SU: TNM

DC-DS -- DC034 -- 6578 09/28/93 17:56 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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