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OLYMPIA & YORK DEVELOPMENTS, THOMAS JOHNSON, ISSUE STATEMENT

 OLYMPIA & YORK DEVELOPMENTS, THOMAS JOHNSON, ISSUE STATEMENT
 TORONTO, April 13 /PRNewswire/ -- Olympia & York Developments Limited and Thomas S. Johnson announced today that they have mutually agreed not to proceed with their previously announced proposed arrangements. The parties made the following statement:
 "There were certain conditions to the proposed agreement between Olympia & York Developments Limited and Mr. Johnson which could not be met. Accordingly, the parties have mutually determined not to proceed."
 -0- 4/13/92
 /CONTACT: Frank Ternan in Toronto, 416-862-5324, or Georgia Gibbs in London, (71) 495-4044, both for Oympia & York Developments; or Peter Rosenthal of Howard J. Rubenstein Associates, 212-489-6900, for Olympia & York/ CO: Olympia & York Developments Limited ST: Ontario IN: SU:


SB-TS -- NY018 -- 7597 04/13/92 09:16 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
Words:123
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