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P. LEINER NUTRITIONAL PRODUCTS CORP. MERGER COMPLETED

 P. LEINER NUTRITIONAL PRODUCTS CORP. MERGER COMPLETED
 TORRANCE, Calif., May 4 /PRNewswire/ -- P. Leiner Nutritional


Products Corp. (AMEX: PLI) announced today the completion of the previously announced merger with PLI Investors Inc., a company formed by AEA Investors Inc. As a result of the merger, P. Leiner has become an indirect wholly owned subsidiary of PLI Investors. The merger was approved by P. Leiner's shareholders at a special shareholders' meeting held on April 30, 1992.
 In the transaction, shareholders of the company (other than Booker, PLI Investors Inc., officers of the company and dissenting shareholders) will receive $15 per share in cash. Booker plc and company officers will receive $13.42 per share net. The transaction has a total value of approximately $77 million.
 P. Leiner Nutritional Products Corp. is a leading U.S. manufacturer and marketer of vitamins, over-the-counter drugs and other health and beauty care products. Its customers include 21 of the nation's 25 largest drugstore chains, 21 of the 25 largest supermarket chains, and 15 of the 25 largest discount chains.
 -0- 5/4/92
 /CONTACT: Michael Leiner, CEO of P. Leiner Nutritional Products, 310-328-9610/
 (PLI) CO: P. Leiner Nutritional Products Corp. ST: California IN: HEA SU: TNM


AL-EH -- LA022 -- 6175 05/04/92 15:53 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:210
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