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MARVEL ENTERTAINMENT GROUP BOARD TO REMAIN NEUTRAL ON TENDER OFFER

 NEW YORK, April 2 /PRNewswire/ -- Marvel Entertainment Group, Inc. (NYSE: MRV), today announced that, based on the unanimous recommendation of a special committee consisting of three outside directors, the board of directors of the company has determined to express no opinion and to remain neutral with respect to the previously announced cash tender offer by New Marvel Holdings, Inc., an indirect subsidiary of MacAndrews & Forbes Holdings Inc., to purchase at a price of $25 per share up to 11,000,000 shares of common stock of the company not owned by New Marvel Holdings.
 The special committee and the board urge all stockholders to make their own determinations as to whether to tender some or all of their shares pursuant to the offer.
 In researching their determinations, the special committee and the board considered a number of factors described in the company's Schedule 14D-9 solicitation/recommendation statement, which was filed today with the Securities ad Exchange Commission and is being mailed to all Marvel stockholders.
 Marvel Entertainment Group, Inc., is a leading youth entertainment company. Operations and products include: Marvel Comics, the largest comic book publisher in North America; Marvel character-based licensing; and Fleer Corp., a leading marketer of sports picture cards and Dubble Bubble confectionery products.
 -0- 4/2/93
 /CONTACT: Pam Rutt (media) of Marvel Entertainment Group, 212-576-8535; or Gary Fishman (investors) of the Hudson Stone Group, 212-983-8550, for Marvel Entertainment Group/
 (MRV)


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

GK-TS -- NY048 -- 2586 04/02/93 14:37 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 2, 1993
Words:255
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