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The Cherry Corporation Announces Commencement of Tender Offer

15 June 2000

The Cherry Corporation Announces Commencement of Tender Offer

    WAUKEGAN, Ill. - The Cherry Corporation announced today the commencement of 
the tender offer contemplated by the Agreement and Plan of Merger with CABO 
Acquisition Corp., a company formed by Peter Cherry and certain of his 
affiliates, which was announced on June 5, 2000.  In the tender offer CABO 
Acquisition Corp. is offering to purchase for $26.40 per share in cash all of 
the outstanding shares of The Cherry Corporation's common stock other than shares 
owned by Mr. Cherry and certain of his affiliates.  The tender offer is being 
made pursuant to definitive tender offer materials that will be distributed to 
the Company's stockholders and filed with the Securities and Exchange Commission.
The tender offer is expected to remain open until July 13, 2000, unless
extended, and will be followed by a merger under which those shares not
tendered will be converted into the right to receive the same $26.40 per share
in cash.  The merger and the closing of the tender offer is subject to the
condition that the number of shares tendered when combined with about 53%
already owned by Peter Cherry and certain of his affiliates will equal more
than 67% of the shares of common stock issued and outstanding.

    The Cherry Corporation manufactures proprietary and custom electrical
switches, sensors, electronic keyboards and controls for the worldwide
automotive, computer, and consumer and commercial markets.  The Company has
two operating divisions in the United States and seven wholly owned
subsidiaries in Germany, England, France, Australia, Czech Republic, Mexico
and Hong Kong.  Cherry also has 50-50 joint ventures in Japan, Hirose Cherry
Precision Company Limited, and in India, TVS Cherry Limited.