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MARVEL ENTERTAINMENT GROUP BOARD TO REMAIN NEUTRAL ON TENDER OFFER

 NEW YORK, April 28 /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 continue to express no opinion and to remain neutral with respect to the amended cash tender offer by New Marvel Holdings Inc., an indirect subsidiary of MacAndrews & Forbes Holdings Inc., to purchase 10,000,000 shares of Marvel common stock at a price of $30 per share.
 The special committee and the board continue to urge all stockholders to make their own determinations as to whether to tender some or all of their shares pursuant to the amended offer based on the information set forth in MacAndrews & Forbes' offering materials, the company's schedule 14D-9, publicly available information about the company and each stockholder's own personal circumstances.
 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- 4/28/93
 /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: ENT SU: OFR

TM -- NY005 -- 1781 04/28/93 08:35 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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