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TEKTRONIX AND SHAREHOLDER GROUP ANNOUNCE SETTLEMENT; SHAREHOLDER GROUP TO WITHDRAW DEMAND FOR SPECIAL MEETING

 TEKTRONIX AND SHAREHOLDER GROUP ANNOUNCE SETTLEMENT;
 SHAREHOLDER GROUP TO WITHDRAW DEMAND FOR SPECIAL MEETING
 WILSONVILLE, Ore., Nov. 12 /PRNewswire/ -- Tektronix, Inc. (NYSE: TEK) and a group of shareholders composed of George Soros, Purnendu Chatterjee and Quantum Fund N.V. jointly announced today that they have reached an agreement under which the shareholders will withdraw their demand for a special meeting of Tektronix shareholders. Under the agreement, Paul C. Ely Jr. and Richard W. Sonnenfeldt will become directors of Tektronix. In addition, Delbert W. Yocam, president and chief operating officer of Tektronix, will also become a director.
 The agreement further provides that all litigation between parties will be settled. The shareholder group will support the election of all nominees included in the company's slate of directors and will not solicit proxies or take certain other actions with respect to the company through March 15, 1994.
 Jerome J. Meyer, chairman and chief executive officer of Tektronix said, "We welcome these three distinguished gentlemen to our board of directors. The board continuously seeks members who have an understanding of our industry and a global understanding of our markets. We believe these new members of our board will represent the interests of all of our shareholders and will work with us as we continue to reposition the company to compete successfully in the global market environment of the 1990s. In addition, the board's committee on directors has retained Korn/Ferry International to identify other potential candidates to consider for board appointment."
 Speaking on behalf of the shareholder group, P.C. Chatterjee added, "We applaud the addition of these outstanding businessmen to the Tektronix board. From our perspective, the settlement of a potentially disruptive proxy contest has been accomplished in a way that is fair, constructive and, most importantly, rapid. In fast moving technology markets, time is of the essence. We have every confidence that the new directors will work diligently and expeditiously with the rest of the Tektronix board to enhance shareholder value."
 Paul C. Ely Jr. is currently a general partner of the venture capital firm Alpha Partners. He served as chief executive officer of Convergent, Inc. from 1985 to 1988, when the company was acquired by Unisys Corporation. He then became executive vice president and director of Unisys. Mr. Ely joined Hewlett-Packard in 1962 and remained there until 1984 -- leading the computer products operation from 1973 to 1984 as vice president in 1976 and then as executive vice president and director from 1980 until 1984. He is a director of Parker Hannifin Corporation and ASK Computer Systems, Inc.
 Richard W. Sonnenfeldt is a senior advisor to NAPP Systems, a manufacturer and exporter of newspaper printing plates and has his own management consulting practice. He served as chairman and chief executive officer of NAPP Systems from 1987 to 1990. Previously, Mr. Sonnenfeldt was dean of the graduate school of management of Brooklyn Polytechnic Institute from 1982 to 1984. He was an executive vice president of NBC from 1979 to 1982 and held various senior level positions at RCA from 1970 to 1982. Mr. Sonnenfeldt has also served as director of several corporations including The Foxboro Company, Decision Industries, and Lee Enterprises.
 Delbert W. Yocam became president and chief operating officer of Tektronix in September 1992. Previously he was president of Apple Pacific, a division of Apple Computer Inc. Mr. Yocam joined Apple in 1979 where he held a variety of senior positions including executive vice president and chief operating officer from 1986 to 1988. He has also held management positions with Fairchild Camera and Instrument Corp., Computer Automation Inc., Control Data Corp. and Ford Motor Co. Mr. Yocam is a director of Adobe Systems Inc., Oracle Systems, AST Research, and the Technology Center of Silicon Valley.
 Tektronix, Inc. is a leading supplier of electronic products and systems. Revenues for fiscal year 1992 totaled $1.3 billion.
 -0- 11/12/92
 /CONTACT: Doug Shafer of Tektronix, Inc., 503-685-4111 (investors), or Joele Frank of Ogilvy Adams & Rinehart, 212-880-5265, for Tektronix/
 (TEK) CO: Tektronix, Inc. ST: Oregon IN: CPR SU:


AH-SH -- NY014 -- 0085 11/12/92 10:07 EST
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Date:Nov 12, 1992
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