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MERCURY AIR GROUP TO SPIN OFF FUEL DIVISION

MERCURY AIR GROUP TO SPIN OFF FUEL DIVISION

   Mercury Air Group, Inc. said Wednesday it plans to spin off to its shareholders all the common stock of its fuel sales and services subsidiary.

   The spin-off will result in the creation of a new publicly traded company, MercFuel Inc.

   Mercury Air Group shareholders will ultimately own shares in both companies. The equity carve-out is expected to be completed by August.