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OAK INDUSTRIES ANNOUNCES SUCCESSFUL COMPLETION OF WAIVER SOLICITATION

OAK INDUSTRIES ANNOUNCES SUCCESSFUL COMPLETION OF WAIVER SOLICITATION
 WALTHAM, Mass., Nov. 21 /PRNewswire/ -- Oak Industries Inc. (NYSE: OAK) announced today that it had received the necessary consent of holders of the company's 10-1/2 percent Convertible Subordinated Debentures to waive certain covenants which restricted the company's ability to purchase its common stock. The waiver permits the company to purchase up to $10 million of its common stock from time to time prior to Aug. 1, 1993. The consent solicitation expired on Nov. 18, 1991 at 5 p.m. EST.
 Oak Industries Inc., headquartered in Waltham, Mass., is a 59-year-old manufacturer of components and controls. The company is pursuing a strategy for growth in the appliance, electronics and electrical industries through new-product introductions, ongoing productivity enhancements and strategic acquisitions.
 -0- 11/21/91
 /CONTACT: William C. Weaver, chief financial officer, or William S. Antle III, chief executive officer, of Oak Industries Inc., 617-890-0400/
 (OAK) CO: Oak Industries ST: Massachusetts IN: CPR SU: KM-SH -- NE003 -- 5719 11/21/91 08:43 EST
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Publication:PR Newswire
Date:Nov 21, 1991
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