HART-SCOTT-RODINO CONDITION SATISFIED
FOR MARRIOTT INTERNATIONAL
ACQUISITION OF FORUM GROUP
WASHINGTON, D.C., March 7, 1996 - Marriott International, Inc. said today that
the Hart-Scott-Rodino Antitrust Improvements Act condition has been satisfied
regarding Marriott's previously announced tender offer to purchase all of the
outstanding shares of common stock of Forum Group, Inc., for $13 per share in
cash. The waiting period under the Act expired on March 6, 1996 without further
action taken by the Department of Justice or the Federal Trade Commission.
In February 1996, the two companies announced a definitive agreement under
which Marriott International would acquire Forum, one of the nation's leading
operators of senior housing and merge it with Marriott's Senior Living Services
business. Forum shareholders owning more than 90 percent of Forum's voting stock
have agreed to the proposed acquisition. The tender offer will remain open until
12:00 midnight on March 21, 1996, unless otherwise extended.
Marriott International, Inc., based in Washington, D.C., is a diversified
hospitality company involved in lodging and services management.