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STATEMENT BY STEVEN J. GREEN, CHAIRMAN OF E-II HOLDINGS INC. IN RESPONSE TO MAY 14, 1993 PROPOSAL OF CARL ICAHN

 NEW YORK, May 14 /PRNewswire/ -- The following statement was released today by Steven J. Green, chairman of E-II Holdings Inc.:
 Early this afternoon the board of directors of E-II Holdings Inc. received a new proposal from Carl Icahn concerning E-II's emergence from Chapter 11. The proposal has been forwarded to the E-II Creditors Committee and our attorneys. We will be happy to comment after they have had the opportunity to fully examine the proposal.
 -0- 5/14/93
 /CONTACT: Michael W. Kempner of MWW/Strategic Communications, 201-342-9500, for E-II Holdings, Inc./


CO: E-II Holdings Inc. ST: New York IN: SU:

TM -- NY072 -- 8767 05/14/93 16:09 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:109
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