SYLN Sylvan Inc. (MM)

Sylvan Inc. Announces Shareholder Approval of Merger With SAC Holdings, Inc. SAXONBURG, Pa., June 9 /PRNewswire-FirstCall/ -- Sylvan Inc. (NASDAQ:SYLN) announced today that its proposed merger with SAC Holdings, Inc., a subsidiary of Snyder Associated Companies, Inc. of Kittanning, Pennsylvania, was approved at its June 9, 2004 special meeting of Sylvan shareholders. Sylvan anticipates closing on the merger on June 10, 2004. Snyder Associated Companies, Inc. is a privately held company involved in the production of oil, natural gas, mineral aggregates and fresh mushrooms, the mining of coal and limestone and the manufacture of cement and concrete products, among other businesses. Sylvan Inc., with 2003 revenues of $95 million, is a leader in fungal technology and a preeminent worldwide producer and distributor of products for the mushroom industry. It specializes in spawn (the equivalent of seed for mushrooms) and other spawn-related products and services, and is a major grower of fresh mushrooms in the United States. Forward-Looking Statements The reference in this press release to the closing is a forward-looking statement. It is based on the most current information available to the company. However, there are no assurances related to the timing of the closing. DATASOURCE: Sylvan Inc. CONTACT: Don Smith of Sylvan Inc., +1-724-352-7520 Web site: http://www.sylvaninc.com/

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