Monarch Machine Tool reports financial results, engages investment banking firm and declares dividend

Business Wire,  Feb 13, 1996  

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SIDNEY, Ohio--(BUSINESS WIRE)--Feb. 13, 1996--The board of directors of The Monarch Machine Tool Co., meeting on Feb. 13, 1996, engaged the investment banking firm of Lehman Brothers Inc. to serve as the company's financial advisor.

Lehman will undertake a comprehensive strategic review of the company and each of its business units for the purpose of determining strategies and alternatives for increasing shareholder value.

The board of directors declared a regular quarterly dividend of 5 cents per share, payable March 4, 1996, to Monarch Common Shareholders of record on Feb. 23, 1996.

A dividend of 45 cents per share, payable March 4, 1996, to Monarch Series A Preferred Shareholders of record Feb. 23, 1996, was declared.

The Monarch Machine Tool Co. today released figures for the fourth quarter and year ended Dec. 31, 1995. -0-

                                        Year Ended
                                        __________
                            ($ thousands except per share data)
                                     1995        1994
                                     ____        ____

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