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KENNAMETAL TERMINATES NEGOTIATIONS CONCERNING HERTEL AG

 LATROBE, Pa., Dec. 1 ~PRNewswire~ -- Kennametal Inc. (NYSE: KMT) disclosed today that it will not proceed under a previously announced Memorandum of Understanding to purchase from Gunther Hertel his shares in Hertel AG, a German tooling systems company.
 The results of its investigation conducted to date, as contemplated by the Memorandum of Understanding, lead the company to conclude that the proposed transaction, as structured, would not be in Kennametal's interest.
 Kennametal indicated that it may be willing to continue examining the possibility of a different arrangement with Hertel AG.
 -0- 12~1~92
 ~CONTACT: Dave Cofer of Kennametal, 412-539-5206~
 (KMT)


CO: Kennametal Inc.; Hertel AG ST: Pennsylvania IN: MNG MAC SU:

DM -- PG004 -- 2272 12~01~92 09:05 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:120
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