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3.5 MILLION NUCORP SHARES SOLD

 3.5 MILLION NUCORP SHARES SOLD
 CHICAGO, Aug. 7 /PRNewswire/ -- Nucorp, Inc., (NASDAQ: NUCO) said it


today sold 3.0 million shares of common stock and a selling shareholder, the Robert H. and B. Ann Lurie Trust, sold 500,000 shares at a price of $9 per share. Net proceeds to the company are $24.6 million.
 Nucorp said it intends to use the proceeds of the offering to complete its proposed acquisition of Surewest Financial Corp., holding company of Sioux Falls, S.D.-based Western Surety Company. Western Surety specializes in writing small fidelity and non-contract surety bonds.
 Co-managers of the offering are Stephens Inc. and W.I.G. Securities.
 Nucorp, Inc., is involved primarily in specialty property and casualty insurance, through United Capitol Insurance Company.
 -0- 8/7/92
 /CONTACT: Kirk Brewer, 312-258-4359, or Susan Obuchowski, 312-466-4010 both of Nucorp/
 (NUCO) CO: Nucorp, Inc. ST: Illinois IN: INS SU:


LR -- NY034 -- 8066 08/07/92 13:59 EDT
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Publication:PR Newswire
Date:Aug 7, 1992
Words:160
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