SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
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GREAT WESTERN FINANCIAL CORPORATION
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(Name of Registrant as Specified in Its Charter)
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[PRESS RELEASE]
[GREAT WESTERN LOGO]
NEWS
FOR IMMEDIATE RELEASE
JUNE 3, 1997
Contact: Ian Campbell 818-775-3773
Charlie Coleman 818-775-3766
COURT REJECTS AHMANSON'S ATTEMPT TO DELAY VOTE ON
WASHINGTON MUTUAL MERGER
WASHINGTON MUTUAL/GREAT WESTERN MERGER VOTE TO BE HELD ON
JUNE 13 AS SCHEDULED
CHATSWORTH, Calif. - Great Western Financial Corporation
(NYSE: GWF) announced today that the Delaware Chancery Court has
denied Ahmanson's motion to delay the vote of Great Western
stockholders on the Washington Mutual merger. The vote on the
merger will take place as scheduled at Great Western's Special
Meeting of Stockholders on June 13, 1997.
Great Western stated, "We are, of course, very pleased that
the Court rejected Ahmanson's effort to delay the merger vote. We
believe that Ahmanson, in an effort to pursue its own agenda, was
prepared to disadvantage the Great Western stockholders by delaying
their opportunity to vote on the Washington Mutual merger and
receive the benefits of the superior economic value from a
Washington Mutual/Great Western combination. Clearly, Ahmanson has
its own interests in mind and not the best interests of Great
Western stockholders. Now, the Great Western stockholders will
have the opportunity to vote on the superior Washington
Mutual/Great Western merger on June 13."
With assets of $42.9 billion, Great Western Financial
Corporation is a diversified financial services company operating
more than 1,150 mortgage lending, retail banking, and consumer
finance offices nationwide. Great Western's principal subsidiary,
Great Western Bank, is a mortgage-oriented consumer bank with
banking branch networks in California and Florida.
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