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VAN DORN ANNOUNCES RECEIPT OF WYSER-PRATTE LAWSUIT

 CLEVELAND, April 1 /PR Newswire/ -- Van Dorn Company (NYSE: VDC) announced that Guy P. Wyser-Pratte has filed a suit against Van Dorn and its shareholders, as a class, seeking to recover a total of $1.6 million.
 In 1992, Wyser-Pratte solicited demands for the calling of a special meeting of shareholders of Van Dorn to act upon certain corporate governance proposals. Wyser-Pratte later solicited proxies for the special meeting, which was originally scheduled to be held on October 5, 1992. The special meeting has since adjourned twice, with Wyser- Pratte's approval, and none of the corporate governance proposals has ever been submitted to a vote by Van Dorn's shareholders.
 The $1.6 million sought by Wyser-Pratte consists of $499,282.30 in expenses he allegedly incurred in soliciting and obtaining proxies and calling the special meeting and $1.1 million for benefits to Van Dorn's shareholders allegedly resulting from his actions, which Wyser-Pratte claims led to a decision by Van Dorn's board of directors in December 1992 to approve an agreement providing for the merger of Van Dorn with a subsidiary of Crown Cork & Seal Company, Inc.
 Van Dorn's shareholders will vote upon the merger between Van Dorn and the Crown subsidiary at a special meeting of shareholders of Van Dorn to be held on April 6, 1993. The completion of the merger is conditioned, among other things, on the settlement or conclusion satisfactory to Crown of any litigation between Van Dorn and its shareholders involving a significant expenditure of funds by Van Dorn, Crown, or any of their affiliates after taking into account any available insurance. Van Dorn's management believes that the suit by Wyser-Pratte is without merit and should not affect the prospects for the merger.
 -0- 4/1/93
 /CONTACT: Thomas R. Miklich, executive vice president, Van Dorn Company, 216-447-8777/
 (VDC)


CO: Van Dorn Company ST: Ohio IN: SU:

BM -- CL020 -- 2111 04/01/93 14:35 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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