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WANG LABS SECURITIES TO CEASE TRADING ON AMEX UPON CONFIRMATION OF COMPANY'S REORGANIZATION PLAN

 NEW YORK, Sept. 17 /PRNewswire/ -- The confirmation date of the Wang Laboratories, Inc., reorganization plan is the last day the company's common and debt securities will trade on the American Stock Exchange, the Amex announced today. A confirmation hearing is scheduled for Sept. 20 in U.S. Bankruptcy Court and confirmation could occur as early as that date.
 Under the company's reorganization plan, said the exchange, record holders of existing Wang common stock on the "record date," which will be five business days after confirmation, will have their shares converted into "new" warrants at a ratio prescribed in the company's plan. Similarly, record holders of Wang debt securities on the record date will be eligible to receive "new" common shares.
 The company has advised that no transfers after the record date will be recognized, and that subsequently all the "old" securities will be cancelled. The exchange noted that any obligations to deliver "old" Wang common stock which remain unsatisfied after the record date will be able to be satisfied only by making delivery of "new" warrants when such warrants become available. The exchange also noted that the company, in previous press statements, has advised that the per share value of the "new" warrants is not expected to be more than a few cents at the time the warrants are initially issued.
 The exchange said the decision to cease exchange trading in the "old" Wang securities on the confirmation date will permit sufficient time for "regular way" settlement of exchange transactions by the record date.
 -0- 9/17/93
 /CONTACT: Bob Shabazian, managing director, American Stock Exchange, 212-306-1630/


CO: Wang Laboratories, Inc. ST: Massachusetts IN: CPR SU:

TW -- NY002 -- 2963 09/17/93 09:37 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
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