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TYCO TOYS/UNIVERSAL MATCHBOX GROUP REVISED AGREEMENT

 TYCO TOYS/UNIVERSAL MATCHBOX GROUP REVISED AGREEMENT
 MOONACHIE, N.J., June 30 /PRNewswire/ -- Universal Matchbox Group,


Ltd. (NYSE: UMG) announced today that the revised agreement in principle between Matchbox and Tyco Toys, Inc. (NYSE: TTI), under which Tyco would acquire Matchbox for $8.50 per share, consisting of $4.25 cash and $4.25 worth of Tyco common stock, contains a requirement that Matchbox pay Tyco $4,500,000 in the event that Matchbox is sold to a purchaser other than Tyco. The other terms announced earlier today are unchanged.
 Matchbox is one of the world's leading makers of toy vehicles and other products which it markets in more than 120 countries and reported sales of $167 million in 1991.
 -0- 6/30/92
 /CONTACT: Philip Y. Sardoff of Green Lind & McNulty Inc., 908-686-7500, for Universal Matchbox Group/
 (UMG TTI) CO: Universal Matchbox Group, Ltd.; Tyco Toys, Inc. ST: New Jersey IN: HOU SU:


SM-OS -- NY078 -- 5272 06/30/92 15:09 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
Words:163
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