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THE HAMMOND CO. EXTENDS EXPIRATION DATE FOR SELF-TENDER OFFER TO PURCHASE UP TO 380,000 OF ITS OUTSTANDING SHARES OF COMMON STOCK

 THE HAMMOND CO. EXTENDS EXPIRATION DATE FOR SELF-TENDER OFFER TO
 PURCHASE UP TO 380,000 OF ITS OUTSTANDING SHARES OF COMMON STOCK
 NEWPORT BEACH, Calif., Feb. 25 /PRNewswire/ -- The Hammond Co. (the "company") (NASDAQ: THCO) announced today that it is extending the expiration date for its self-tender offer to purchase up to 380,000 (or approximately 30 percent) of its outstanding shares of common stock at $4.00 per share. The tender offer was commenced on Jan. 24, 1992, and was originally scheduled to expire at 12 midnight, New York City time, today, Feb. 25, 1992. The expiration date of the tender offer has been extended to 12 midnight, New York City time, March 18, 1992. As of the close of business on Feb. 24, 1992, 91,544 shares were deposited for tender.
 The company also announced today that it has received commitments in an amount sufficient to finalize the tender offer, including commitments from certain of its directors. As a result, the condition to the tender offer that sufficient funds be raised to purchase the maximum number of shares in the offer and to pay related fees and expenses, estimated to aggregate approximately $1,700,000 is expected to be satisfied. The closing of the preferred stock offering is expected to occur shortly before the closing of the tender offer.
 Successful completion of the proposed tender offer would result in the deregistration of the common stock under the Securities and Exchange Act of 1934 and the common stock no longer being eligible for quotation on National Association of Securities Dealers Automated Quotation System ("NASDAQ") National Market System.
 The common stock of the company is publicly traded on the NASDAQ National Market System under the symbol "THCO."
 -0- 2/25/92
 /CONTACT: Thomas T. Hammond or Jonathan T. Bastis of The Hammond Co., 714-752-6671; or Jennifer J. Sims of Gloria Zigner & Associates, 800-669-4599, for The Hammond Co./
 (THCO) CO: The Hammond Co. ST: California IN: SU: OFR


CH -- LA017 -- 2258 02/25/92 10:29 EST
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Publication:PR Newswire
Date:Feb 25, 1992
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