DALLAS , March 8 /PRNewswire/ -- On March 6, 2007 , K&F Industries Holdings, Inc. (NYSE: KFI) entered into a definitive merger agreement with Meggitt-USA, Inc. (OTC Pink Sheets: MEGGF) for $27 per share. The price per share offered by Meggitt-USA represented just 6.38% more than the stock's closing price prior to the deal's announcement.

If the proposed merger is finalized, K&F Industries Holdings, Inc. will no longer be a publicly traded company. While Meggitt-USA and K&F Industries Holdings, Inc. have announced they expect to close the merger in the second quarter of 2007, shareholder approval is required before the acquisition can be completed.

If you are a current K&F Industries Holdings, Inc. shareholder and would like to be advised of your rights in this matter, you may contact Baron &Budd, P.C. at the phone number below. You may also visit Baron & Budd online (http://www.securitiesactions.com ).

About Baron & Budd, P.C.

Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 80 attorneys and offices in Texas, Illinois, Ohio, Louisiana, and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiff's bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia and lymphoma caused by benzene; and injuries caused by other toxic substances and pharmaceuticals. The firm also represents water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers. For more information about Baron & Budd, call 1-800-222-2766 or visit http://www.baronandbudd.com . For more information about Baron & Budd's securities litigation practice, please visit http://www.securitiesactions.com .

     CONTACT:

     Baron & Budd, P.C.
     Randall K. Pulliam, Esq.
     Zan Smith
     (800) 222-2766
     info@baronbudd.com

SOURCE  Baron & Budd, P.C.