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SECOM GENERAL WITHDRAWS ATTEMPT TO ACQUIRE PARK-OHIO INDUSTRIES

 SECOM GENERAL WITHDRAWS ATTEMPT TO ACQUIRE PARK-OHIO INDUSTRIES
 NOVI, Mich., May 1 /PRNewswire/ -- Secom General Corporation (NASDAQ: SECM) announced today that it has discontinued its bid to acquire Park-Ohio Industries (NASDAQ-NMS: PKOH).
 "We have met with management of Park-Ohio and reviewed some of the changes that are in process. Based on our partial review, we believe that management, under the leadership of Thomas McGinty, interim CEO, is heading in the right direction insofar as turning around the company," said Roy McKnight, Secom's CEO.
 McKnight said further that Secom would continue to hold its Park-Ohio stock for investment purposes.
 -0- 5/1/92
 /CONTACT: David J. Marczak of Secom General, 313-349-8970/
 (SECM PKOH) CO: Secom General Corporation; Park-Ohio Industries ST: Michigan, Ohio IN: SU: TNM


SB -- DE041 -- 5667 05/01/92 17:31 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:133
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