
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, May 1, 1990                   TAG: 9005010120
SECTION: BUSINESS                    PAGE: A5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

VERNITRON AGAIN TRYING TO BUY KOLLMORGEN

Vernitron Corp. of Deer Park, N.Y., has renewed a longstanding effort to acquire Kollmorgen Corp., a Stamford, Conn., firm with three Radford operations.

Vernitron, which withdrew its offer of $25 per share in September because of what it called unexpected adverse changes in Kollmorgen's financial performance, said Monday it was starting a proxy contest to replace the Kollmorgen board of directors at a May 24 stockholder meeting. Vernitron, smaller than Kollmorgen, said its nominees would be committed to a prompt sale of the company. Both companies are in the motors and control business.

John L. Youngblood, Kollmorgen president, asked shareholders to postpone action until they hear Kollmorgen's response. - Staff report

by CNB