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UNR RECEIVES $25.8 MILLION PURSUANT TO PREVIOUS INSURANCE SETTLEMENT

 UNR RECEIVES $25.8 MILLION PURSUANT TO PREVIOUS INSURANCE SETTLEMENT
 CHICAGO, July 16 /PRNewswire/ -- UNR Industries, Inc. (NASDAQ: UNRI; MSE) announced today that it has received approximately $25.8 million from Home Insurance Company pursuant to a previously announced settlement agreement entered into by UNR and Home Insurance on May 18, 1989. The money had been held by Home Insurance until certain conditions in the settlement agreement were satisfied.
 Earlier in the month, UNR announced the settlement of insurance litigation with Continental Casualty Company for $15 million to be paid to UNR over a three-year period.
 The receipt of this cash increases the company's current cash position to approximately $90 million or $2 per share.
 -0- 7/16/92
 /CONTACT: Thomas A. Gildehaus of UNR Industries, 312-341-1234/
 (UNRI) CO: UNR Industries, Inc.; Home Insurance Company ST: Illinois IN: INS SU:


ML -- DE011 -- 8481 07/16/92 11:23 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
Words:149
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