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Defiance, Inc. Declares Regular Quarterly Dividend

24 October 1997

Defiance, Inc. Declares Regular Quarterly Dividend

    CLEVELAND, Oct. 24 -- Directors of Defiance, Inc.
today declared a regular quarterly dividend of $0.04 per share,
payable December 5, 1997 to shareholders of record November 14, 1997.
    Defiance, headquartered in Cleveland, is a supplier of tooling systems,
testing services, and specialty anti-friction bearings and precision-machined
components to the U.S. motor vehicle industry.

SOURCE  Defiance, Inc.