NEWS RELEASE
FOR IMMEDIATE RELEASE
FROM: Dynamics Corporation of America
475 Steamboat Road
Greenwich, Connecticut 06830-7197
Contact: Henry V. Kensing
(203) 869-3211
WHX Offer For Dynamics Corporation of
America Preliminarily Enjoined
Greenwich, Connecticut -- April 29, 1997 --
Dynamics Corporation of America (NYSE:DYA) announced
today that Judge Gerard L. Goettel of the United
States District Court for the District of Connecticut
has issued a preliminary injunction against WHX
Corporation in connection with its tender offer for up
to 649,000 shares of Dynamics common stock. WHX
was ordered to make further and complete disclosures
on certain issues and to extend the tender offer,
which is presently scheduled to expire at 12:00
midnight tonight, for an additional 20 days.
Dynamics Corporation of America is a
diversified company which manufactures electronic
components, mobile vans and transportable shelters for
specialized electronic and medical diagnostic
equipment, portable electric housewares and commercial
appliances, air distribution equipment, specialized
air-conditioning equipment and generator sets. The
Company currently holds a 44.1% stake in CTS
Corporation, an Indiana corporation headquartered in
Elkhart whose shares are listed on the New York Stock
Exchange (NYSE: CTS) and which manufactures electronic
and electromechanical components for the automotive,
data processing, communications equipment, instruments
and controls, defense and aerospace and consumer
electronic markets.
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