Geon's Acquisition of O'Sullivan Corporation Clears

Comment Period Cleveland (PROTEXT) - The Geon Company (NYSE: GON) announcedtoday that the waiting period under the Hart Scott RodinoAntitrust Improvements Act of 1976, applicable to Geon's proposedacquisition of O'Sullivan Corporation, expired on June 18, 1999.The waiting period passed without a request for additionalinformation from the Federal Trade Commission. On June 2, Geon announced an agreement to acquire O'Sullivan,a leading producer of engineered polymer films for the automotiveand industrial markets. The two companies signed a definitivemerger agreement under which Geon commenced a cash tender offeron June 8, 1999, to acquire all the outstanding shares ofO'Sullivan for $12.25 per share. The merger agreement was unanimously approved by the boards ofdirectors of both companies. In addition, members of the Bryantfamily, who control more than 26 percent of the O'Sullivanshares, have committed to tender their shares to Geon ascontemplated by the definitive agreement. The tender offer issubject to customary closing conditions, including theacquisition by Geon of at least 70 percent of the outstandingO'Sullivan stock. Headquartered in Winchester, Virginia, O'Sullivan hasapproximately 940 employees and four manufacturing sites locatedin Lebanon, Pennsylvania; Newton Upper Falls, Massachusetts;Winchester; and Yerington, Nevada. The Geon Company is a leading North American-based polymerservices and technology company with operations in vinylcompounds, specialty vinyl resins and formulations, and othervalue-added products and services. Headquartered in Avon Lake,Ohio, The Geon Company and its subsidiaries employ nearly 2,000people and have 19 manufacturing plants in the United States,Canada, England and Australia, and joint ventures in the UnitedStates, Canada, England, Australia and Singapore. Information onthe Company's products and services, as well as news releases,EDGAR filings, Form 10-K, 10-Q, etc. is available on the Internetat http://www.geon.com . Forward-Looking Statements This press release contains statements relating to Geon andO'Sullivan and their industry that are not historical facts butare "forward-looking statements" that are subject to certainrisks and uncertainties. There are many important factors thatcould cause actual results to differ materially from those in theforward-looking statements. Many of these important factors areoutside the control of Geon and O'Sullivan. Changes in marketconditions, including competitive factors, and changes ingovernment regulations could cause actual results to differmaterially from the expectations of Geon and O'Sullivan. Noassurance can be provided as to any future financial results.Among the potentially negative factors that could cause actualresults to differ materially from those in the forward-lookingstatements are (a) unanticipated costs or difficulties and delaysrelated to completion of the proposed transaction, and (b)inability to complete the proposed transaction. ots OriginalText Service: The Geon Company Internet:http://www.newsaktuell.de Contact: Dennis Cocco, VicePresident, Corporate & Investor Affairs of The Geon Company,(USA) 440-930-1538 Company News On-Call:http://www.prnewswire.com/comp/861869.html or fax, (USA) 800-758-5804, ext. 861869 Web site: http://www.geon.com

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