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MAYS AMENDS TENDER OFFER -- REQUESTS TENDERS FOR 150,000 SHARES OF ANAGO AT $13 PER SHARE

 MAYS AMENDS TENDER OFFER -- REQUESTS TENDERS FOR
 150,000 SHARES OF ANAGO AT $13 PER SHARE
 FORT WORTH, Texas, March 24 /PRNewswire/ -- Anago, Inc. announced today that Mays Acquisition Company, Inc. has amended its cash tender offer for Anago's common stock. Anago stated that Mays is now requesting tenders of 150,000 shares at a price of $13 per share. The tender offer by Mays is 30 percent higher than the previous offer for 200,000 shares made by Tecnol Medical Products of $10 per share on March 19, 1992. "Our concern is to protect all shareholders from the coercive tactics that Tecnol has forced on Anago shareholders that seek not to treat all shareholders equally," said Tim McKibben, chairman of Anago.
 Anago develops, manufactures and markets disposable medical products, primarily for use in hospital operating rooms. The company's principal product groups include surgical face masks, high filtration isolation masks, cold therapy products, operating room apparel and orthopedic surgical extremity drapes. The company's products are sold to more than 2,000 hospitals by a specialized group of company sales personnel located throughout the United States, utilizing more than 130 nonexclusive medical supply distributors with over 250 distribution locations. In addition, Anago's in-house engineering staff located in Fort Worth, Texas designs and builds its own specialized ultrasonic manufacturing equipment. Anago's corporate headquarters is located in Fort Worth, Texas and the company employs approximately 600 people in its manufacturing facilities in Del Rio, Texas and Acuna, Mexico. Corporate revenues for the fiscal year ending in November 1992 are expected to surpass $22 million.
 -0- 3/24/92
 /CONTACT: Timothy J. McKibben, president-CEO, or J. Randall Keene, vice president of finance and CFO, both of Anago, 817-284-1345/ CO: Anago, Inc.; Mays Acquisition Company, Inc. ST: Texas IN: MTC SU: OFR


TQ -- NY048 -- 1169 03/24/92 14:36 EST
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Publication:PR Newswire
Date:Mar 24, 1992
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