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Thor Industries Announces Tender Offer Results

JACKSON CENTER, Ohio, Nov. 22 /PRNewswire/ -- Thor Industries, Inc. (NYSE: THO) announced today the results of its Dutch auction self-tender offer which expired Thursday, November 21, at 12:00 midnight, New York City time.

The count by the depositary for the offer indicates that 503,319 shares were tendered and not withdrawn at prices of $24-3/4 per share or lower. Shares tendered in excess of this price will be promptly returned. The number of shares tendered includes 52,100 shares tendered pursuant to notices of guaranteed delivery. The Company expects to purchase 503,319 shares tendered at $24-3/4 per share.

Payment for shares accepted, except for those shares tendered pursuant to notices of guaranteed delivery, and return of all shares tendered but not accepted, is expected to start today.

Thor is the second largest manufacturer of recreational vehicles and the largest builder of small and mid size buses.

SOURCE Thor Industries, Inc.
 -0- 11/22/96

/CONTACT: Wade F.B. Thompson or Peter B. Orthwein of Thor Industries, 513-596-6849/


CO: Thor Industries, Inc. ST: Ohio IN: AUT SU: OFR

MA-AV -- NYF027 -- 5736 11/22/96 09:54 EST
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Publication:PR Newswire
Date:Nov 22, 1996
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