Printer Friendly

NEWELL AND SANFORD ARE FREE TO PROCEED WITH MERGER

 NEWELL AND SANFORD ARE FREE TO PROCEED WITH MERGER
 FREEPORT, Ill., Jan. 13 /PRNewswire/ -- Newell Co. (NYSE: NWL) and Sanford Corp. (NASDAQ: SANF) announced today that they received notification that the waiting period under Hart Scott Rodino Antitrust Improvement Act has been terminated effective today and they are free to proceed with the merger by which Sanford would become a subsidiary of Newell. As previously announced, the shareholder meetings of both Sanford and Newell are to be held on Feb. 14. If shareholder approval is obtained, completion of the merger is expected to take place shortly thereafter.
 Newell manufactures and markets high-volume hardware/housewares, office and industrial products. Hardware/housewares products are sold principally through discount, variety, chain and hardware stores, hardware and housewares distributors and home improvement centers. Office products are sold through office product dealers and wholesalers, office product superstores and mass market chains. Industrial products are sold directly and through distributors to volume purchasers.
 Sanford Corp. designs, manufactures and markets, under its brand names Sanford and Sterling, marking and writing instruments and other office and school supplies. The company's product lines, which include a wide variety of markers, porous tip pens, stamp pads, self- inking stamps, adhesives, molded plastic office accessories, file storage boxes and other school supplies, are distributed primarily in the United States and also in numerous foreign countries.
 -0- 1/13/92
 /CONTACT: Henry B. Pearsall, chairman and CEO of Sanford Corp., 708-547-6650/
 (NWL SANF) CO: Newell Company; Sanford Corporation ST: Illinois IN: HOU SU: TNM


JL-KJ -- SD004 -- 9240 01/13/92 16:54 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 13, 1992
Words:261
Previous Article:DIANON SYSTEMS SELECTED AS ANALYST'S NO. 1 HEALTH CARE COMPANY AT THE HAMBRECHT & QUIST HEALTH CARE CONFERENCE
Next Article:UNION TEXAS PETROLEUM SETS DATE FOR REDEMPTION OF $410 MILLION OF NOTES
Topics:


Related Articles
NEWELL CO. SETS DATE FOR SPECIAL STOCKHOLDERS MEETING TO APPROVE SANFORD MERGER
Newell and Sanford are free to proceed with merger.
SANFORD ANNOUNCES FOURTH QUARTER AND YEAR-END RESULTS
NEWELL COMPLETES MERGER WITH SANFORD CORP.
NEWELL APPOINTS DIRECTORS
NEWELL CO. ANNOUNCES AGREEMENT TO INCREASE EXCHANGE RATIO IN THE MERGER WITH STUART HALL
NEWELL COMPLETES MERGER WITH STUART HALL
NEWELL UPDATES THIRD QUARTER OUTLOOK
Newell to buy Rolodex.
uni-ball Offers Free Upgrade for Rollerball Users

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters