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MARVEL DECLARES 2-FOR-1 STOCK SPLIT

 NEW YORK, Sept. 24 /PRNewswire/ -- Marvel Entertainment Group, Inc. (NYSE: MRV) announced today that it approved a two-for-one common stock split. The record date for the stock split will be the close of business on Oct. 15, 1993, and the company expects that certificates representing the new shares of common stock will be distributed on or about Nov. 1, 1993. As a result of the stock split, the number of shares of common stock outstanding will increase from approximately 48,606,828 shares to approximately 97,213,656 shares.
 It is anticipated that "when issued" trading in the shares of common stock to be distributed will commence on or about Oct. 15, 1993. The "when issued" shares will trade on the New York Stock Exchange under the symbol "MRV.WI".
 Marvel Entertainment Group, Inc. is a leading youth entertainment company.
 -0- 9/24/93
 /CONTACT: Pam Rutt of Marvel Entertainment Group, Inc.,


212-576-8535, or investor relations, Gary Fishman of The Hudson Stone Group, 212-983-8550/
 (MRV)


CO: Marvel Entertainment Group, Inc. ST: New York IN: ENT SU:

TS-TM -- NY009 -- 5286 09/24/93 08:08 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 24, 1993
Words:185
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