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MANVILLE TRUST SELECTS GOLDMAN, SACHS & COMPANY AS FINANCIAL ADVISER TO OPTIMIZE FUNDAMENTAL INVESTMENT VALUES OF MANVILLE CORP. HOLDINGS

MANVILLE TRUST SELECTS GOLDMAN, SACHS & COMPANY AS FINANCIAL ADVISER TO OPTIMIZE FUNDAMENTAL INVESTMENT VALUES OF MANVILLE CORP. HOLDINGS
 WASHINGTON, March 16 /PRNewswire/ -- Manville Personal Injury Settlement Trust announced that its board of trustees has selected Goldman, Sachs & Company as financial advisers to the trust to assist it in optimizing fundamental values of the trust's controlling investment in Manville Corporation (NYSE: MVL). The trust owns 50 percent of Manville's common stock and additional preferred stock convertible into common shares that could bring the trust's ownership to 80 percent of outstanding common. The trust also holds a principal amount of $1.725 billion in Manville bonds and is entitled to 20 percent of the corporation's net earnings, as defined under a profit-sharing plan with the corporation.
 Robert A. Falise, who was named chairman and managing trustee of the trust on Jan. 25, stated: "As the recently restructured trust enters a new phase of its operations and as voting restrictions on the trust's controlling interest in Manville common stock lapse this year, it is important that the trust and Manville Corporation work closely and in concert to enhance the fundamental values of Manville's securities for the trust's beneficiaries and for the company's stockholders. We are appointing Goldman, Sachs & Company to assist us in the careful planning now needed to achieve this enhancement."
 -0- 3/16/92 R
 /CONTACT: Barbara Emmons of the Manville Personal Injury Settlement Trust, 202-872-9044/
 (MVL) CO: Manville Personal Injury Settlement Trust; Manville Corporation;
 Goldman, Sachs & Company ST: District of Columbia IN: SU:


MH-DC -- DC016 -- 8490 03/16/92 17:04 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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