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KINNARD INVESTMENTS COMPLETES ACQUISITION OF MOORE JURAN & COMPANY

 MINNEAPOLIS, Nov. 30 /PRNewswire/ -- Kinnard Investments, Inc., (NASDAQ: KINN) announced it has completed its acquisition of Moore Juran & Company, Inc., a Minneapolis-based securities firm. The two firms signed a formal letter of intent on Oct. 19, 1993.
 Terms of the acquisition were announced at $2.9 million worth of Kinnard Investments common stock. As previously announced, Thomas E. Moore, Moore Juran president, will join John G. Kinnard as an executive vice president, and is expected to be named to the Kinnard Investments Board of Directors.
 "I'm extremely pleased with this acquisition," said Thomas J. Mulvaney, Kinnard investments chairman. "Their company is a highly respected and quality-minded firm. This acquisitions? consistent with our plans to grow our fixed income operation to enhance non-equity revenue streams."
 Moore Juran & Company was founded in 1972, employs 32 people, and is based in downtown Minneapolis. It also manages an office in Bismarck, N.D. The Minneapolis group will join John G. Kinnard at its new headquarters -- Kinnard Financial Center -- when the company formally moves in May, 1994.
 John G. Kinnard was founded in 1944, and operates 30 branch offices in eight states across the upper Midwest. Kinnard Investments, Inc. is a member of the National Market Exchange and trades on the Over-The- Counter exchange under the symbol KINN.
 -0- 11/30/93
 /CONTACT: Matthew Kyler, marketing director of John G. Kinnard & Company, 612-370-2756/
 (KINN)


CO: Kinnard Investments, Inc. ST: Minnesota IN: FIN SU: TNM

CP-xx -- MN014 -- 8913 11/30/93 16:52 EST
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Publication:PR Newswire
Date:Nov 30, 1993
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