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1,000,000 SHARES OF CIRCON COMMON STOCK OFFERED AT $25 PER SHARE

 1,000,000 SHARES OF CIRCON COMMON STOCK OFFERED AT $25 PER SHARE
 SANTA BARBARA, Calif., Dec. 5 /PRNewswire/ -- Circon Corporation (NASDAQ-NMS: CCON) announced that its registration statement for the sale of 1,000,000 shares of common stock has been declared effective by the Securities and Exchange Commission and that an underwriting group represented by Lehman Brothers and Needham & Company, Inc. is offering the shares to the public at a price of $25 per share.
 Net proceeds from the sale of the 1,000,000 shares will be used to retire debt, for general corporate purposes and potentially to acquire businesses or products complementary to Circon's business.
 Circon designs, manufactures and markets endoscope and electrosurgery systems for diagnosis and minimally invasive surgery.
 The common stock is offered for sale by the underwriters solely pursuant to the prospectus, a copy of which may be obtained from the Prospectus Department of Lehman Brothers, 250 West Street, New York, N.Y. 10013.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 12/5/91
 /CONTACT: R. Bruce Thompson, chief financial officer of Circon Corporation, 805-967-0404/
 (CCON) CO: Circon Corporation ST: California IN: SU: OFR


PS -- NY107 -- 9914 12/05/91 18:38 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 5, 1991
Words:246
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