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To: SSP who wrote (16258)	12/9/1999 2:31:00 AM
From: SSP	Respond to of 150070

WDRY, now at 11 1/8 Coinmach Laundry Corporation Considers Acquisition Proposal CHARLOTTE, N.C., Dec. 8 /PRNewswire/ -- The independent committee of the board of directors of Coinmach Laundry Corporation, comprised of Stephen G. Cerri, as chairman, and Dr. Arthur B. Laffer, has engaged Lazard Freres & Co. LLC, as its investment banker in connection with GRKC Holding Company's proposal to acquire up to 90% of Coinmach's common stock for $13.00 per share in cash. Coinmach Laundry Corporation (Nasdaq: WDRY - news), through its wholly owned subsidiaries, is the leading supplier of outsourced laundry equipment services for multi-family properties in the United States.