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PLM INTERNATIONAL AND TRANSCISCO TERMINATE AGREEMENT FOR PLM INTERNATIONAL BLOCK, DISCUSSIONS CONTINUING

 PLM INTERNATIONAL AND TRANSCISCO TERMINATE AGREEMENT FOR
 PLM INTERNATIONAL BLOCK, DISCUSSIONS CONTINUING
 SAN FRANCISCO, Jan. 2 /PRNewswire/ -- San Francisco-based PLM International Inc. (AMEX: PLM) today announced that it was terminating the purchase agreement between PLM International Inc. and Transcisco Industries Inc. for the purchase by PLM International of the block of PLM International Inc. stock held by Transcisco Industries Inc. (3,767,367 shares of approximately 10.5 million shares of outstanding common stock.) However, PLM International said that it was continuing discussions with Transcisco Industries for the purchase of various Transcisco assets, including the block of PLM International stock held by Transcisco Industries.
 PLM International is a transportation equipment leasing company specializing in the management of equipment on operating leases. The company is also the leading sponsor of syndicated investment programs organized to invest primarily in transportation equipment.
 -0- 1/2/92
 /CONTACT: Valerie Carattini-Cooke of PLM International Inc., 415-905-7227/
 (PLM) CO: PLM International; Transcisco ST: California IN: TRN SU:


RM -- SF004 -- 6344 01/02/92 19:10 EST
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Publication:PR Newswire
Date:Jan 2, 1992
Words:170
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